https://www.taxtmi.com/caselaws?id=110513 The Division Bench upheld the admission of the winding-up petition against the company for a sum of Rs. 5 lakhs, with interest. The company's appeal against the lower court's decision was set aside, emphasizing the need for winding up despite the absence of statutory notice. The review application before the Division Bench was dismissed due to unjustified delay, affirming the company's obligation to pay the debt in specified installments. en-us Wed, 04 Aug 2004 00:00:00 +0530 Tue, 17 Apr 2012 12:23:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110513 The Division Bench upheld the admission of the winding-up petition against the company for a sum of Rs. 5 lakhs, with interest. The company's appeal against the lower court's decision was set aside, emphasizing the need for winding up despite the absence of statutory notice. The review application before the Division Bench was dismissed due to unjustified delay, affirming the company's obligation to pay the debt in specified installments. Case-Laws Companies Law Wed, 04 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110513