https://www.taxtmi.com/caselaws?id=110329 The court found that the respondent company was unable to pay its debts under the Companies Act, the winding-up petition was maintainable despite a pending civil suit, and the respondent's defence was not bona fide. Consequently, the court ordered the winding up of the respondent company, directing the Official Liquidator to take control of its assets and instructing the directors to file statements within three weeks. en-us Thu, 20 Jan 2005 00:00:00 +0530 Mon, 16 Apr 2012 13:16:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110329 The court found that the respondent company was unable to pay its debts under the Companies Act, the winding-up petition was maintainable despite a pending civil suit, and the respondent's defence was not bona fide. Consequently, the court ordered the winding up of the respondent company, directing the Official Liquidator to take control of its assets and instructing the directors to file statements within three weeks. Case-Laws Companies Law Thu, 20 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110329