https://www.taxtmi.com/caselaws?id=112358 The court found no merit in the respondent's plea to recall the order of admission in a winding-up petition based on inability to pay admitted debts. The court ordered the re-publication of the admission in specified newspapers and listed the case for further proceedings, emphasizing the importance of clear and categorical responses in legal proceedings. The judgment concluded that the respondent was unable to pay its admitted liabilities, supporting the winding-up petition. en-us Thu, 18 May 2006 00:00:00 +0530 Fri, 27 Apr 2012 17:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112358 The court found no merit in the respondent's plea to recall the order of admission in a winding-up petition based on inability to pay admitted debts. The court ordered the re-publication of the admission in specified newspapers and listed the case for further proceedings, emphasizing the importance of clear and categorical responses in legal proceedings. The judgment concluded that the respondent was unable to pay its admitted liabilities, supporting the winding-up petition. Case-Laws Companies Law Thu, 18 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112358