https://www.taxtmi.com/caselaws?id=110602 The court dismissed the winding up petition as the petitioner failed to provide sufficient evidence of the company's insolvency despite establishing the debt. The court emphasized the importance of serving a statutory notice at the registered office for a winding up petition and highlighted the petitioner's burden to prove insolvency. The judgment underscored the discretionary nature of ordering winding up and the necessity for creditors to meet the burden of proof regarding the company's financial status. en-us Mon, 19 May 2003 00:00:00 +0530 Tue, 17 Apr 2012 16:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110602 The court dismissed the winding up petition as the petitioner failed to provide sufficient evidence of the company's insolvency despite establishing the debt. The court emphasized the importance of serving a statutory notice at the registered office for a winding up petition and highlighted the petitioner's burden to prove insolvency. The judgment underscored the discretionary nature of ordering winding up and the necessity for creditors to meet the burden of proof regarding the company's financial status. Case-Laws Companies Law Mon, 19 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110602