https://www.taxtmi.com/caselaws?id=112668 The court dismissed the appeal, upholding the order for the admission of the petition and the publication of the advertisement. The court found that the statutory presumption of the company's inability to pay its debts was not rebutted, and the defenses raised by the respondent company were unconvincing. The court also noted that the petition complied with the statutory requirements and that the change in the company's status did not affect the maintainability of the petition. The interim relief granted earlier was vacated, and the Company Court was directed to proceed with the hearing of the Company Petition. en-us Fri, 19 Sep 2008 00:00:00 +0530 Thu, 04 Jan 2018 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112668 The court dismissed the appeal, upholding the order for the admission of the petition and the publication of the advertisement. The court found that the statutory presumption of the company's inability to pay its debts was not rebutted, and the defenses raised by the respondent company were unconvincing. The court also noted that the petition complied with the statutory requirements and that the change in the company's status did not affect the maintainability of the petition. The interim relief granted earlier was vacated, and the Company Court was directed to proceed with the hearing of the Company Petition. Case-Laws Companies Law Fri, 19 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112668