https://www.taxtmi.com/caselaws?id=112448 The court found that the respondent-company had acknowledged its debt to the petitioner-firm within the limitation period, thus the claim was not barred by limitation. Additionally, the court determined that the respondent-company was unable to pay its debts, leading to the decision to wind up the company. The petitioner was instructed to publish the winding-up order and submit a copy to the Registrar of Companies within 30 days. The company petition was granted without costs awarded. en-us Thu, 02 Apr 2009 00:00:00 +0530 Wed, 12 Nov 2014 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112448 The court found that the respondent-company had acknowledged its debt to the petitioner-firm within the limitation period, thus the claim was not barred by limitation. Additionally, the court determined that the respondent-company was unable to pay its debts, leading to the decision to wind up the company. The petitioner was instructed to publish the winding-up order and submit a copy to the Registrar of Companies within 30 days. The company petition was granted without costs awarded. Case-Laws Companies Law Thu, 02 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112448