https://www.taxtmi.com/caselaws?id=111034 An undisputed debt, supported by work orders, certified bills, tax deductions at source, non-payment within the stipulated time and silence after statutory notice, was treated as sufficient evidence of liability for winding up. The court held that the petition was not barred by section 10 of the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993, because no inconsistency with the Companies Act, 1956 was shown. A prior money-recovery decree under that Act did not create res judicata, and the existence of another remedy under section 443(2) did not defeat winding up where the debt remained unpaid and no substantial defence was raised. en-us Mon, 21 Nov 2005 00:00:00 +0530 Thu, 19 Apr 2012 18:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111034 An undisputed debt, supported by work orders, certified bills, tax deductions at source, non-payment within the stipulated time and silence after statutory notice, was treated as sufficient evidence of liability for winding up. The court held that the petition was not barred by section 10 of the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993, because no inconsistency with the Companies Act, 1956 was shown. A prior money-recovery decree under that Act did not create res judicata, and the existence of another remedy under section 443(2) did not defeat winding up where the debt remained unpaid and no substantial defence was raised. Case-Laws Companies Law Mon, 21 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111034