https://www.taxtmi.com/caselaws?id=112473 A broadly worded power of attorney authorising a representative to file and contest cases in Indian courts was sufficient to institute a winding-up petition, because such proceedings are a legal remedy connected with debt recovery and not confined to ordinary civil suits. On the merits, repeated admissions of liability, requests for instalments, and assertions of financial crunch showed inability to pay admitted debts; reported profits did not displace that conclusion where the debt remained unpaid after notice. The winding-up jurisdiction was therefore properly invoked, and the company was liable to be wound up. en-us Fri, 17 Apr 2009 00:00:00 +0530 Tue, 11 Nov 2014 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112473 A broadly worded power of attorney authorising a representative to file and contest cases in Indian courts was sufficient to institute a winding-up petition, because such proceedings are a legal remedy connected with debt recovery and not confined to ordinary civil suits. On the merits, repeated admissions of liability, requests for instalments, and assertions of financial crunch showed inability to pay admitted debts; reported profits did not displace that conclusion where the debt remained unpaid after notice. The winding-up jurisdiction was therefore properly invoked, and the company was liable to be wound up. Case-Laws Companies Law Fri, 17 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112473