https://www.taxtmi.com/caselaws?id=113131 The court dismissed the winding-up petition filed by the petitioner against the respondent company under section 433(e) of the Companies Act, 1956. The court found no evidence of the respondent's inability to pay the debt and noted the disputed nature of the claim regarding the payment for supplied material. Emphasizing the requirement of commercial insolvency for a winding-up order, the court concluded that the respondent was not plainly and commercially insolvent, leading to the dismissal of the petition. en-us Mon, 09 Aug 2010 00:00:00 +0530 Thu, 03 May 2012 18:47:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113131 The court dismissed the winding-up petition filed by the petitioner against the respondent company under section 433(e) of the Companies Act, 1956. The court found no evidence of the respondent's inability to pay the debt and noted the disputed nature of the claim regarding the payment for supplied material. Emphasizing the requirement of commercial insolvency for a winding-up order, the court concluded that the respondent was not plainly and commercially insolvent, leading to the dismissal of the petition. Case-Laws Companies Law Mon, 09 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113131