https://www.taxtmi.com/caselaws?id=113976 The High Court upheld the admission of a company petition under sections 433(e) and (f) read with section 434 of the Companies Act, 1956, based on alleged breach of a compromise agreement leading to evasion of payment. Despite the appellant's arguments, the Court found no evidence of perversity or illegality in the decision to admit the petition. Emphasizing the importance of honoring financial obligations, the Court dismissed the appeal and affirmed the admission of the petition for further examination, highlighting the need for the respondent to fulfill payment obligations as per the settlement deed. en-us Wed, 21 Oct 2009 00:00:00 +0530 Thu, 30 Oct 2014 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113976 The High Court upheld the admission of a company petition under sections 433(e) and (f) read with section 434 of the Companies Act, 1956, based on alleged breach of a compromise agreement leading to evasion of payment. Despite the appellant's arguments, the Court found no evidence of perversity or illegality in the decision to admit the petition. Emphasizing the importance of honoring financial obligations, the Court dismissed the appeal and affirmed the admission of the petition for further examination, highlighting the need for the respondent to fulfill payment obligations as per the settlement deed. Case-Laws Companies Law Wed, 21 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113976