https://www.taxtmi.com/caselaws?id=114000 The court upheld the order admitting the winding-up petition and directing its advertisement. The appellant's arguments of novation and bona fide dispute were rejected. The court found that the appellant was commercially insolvent and unable to pay its debts. The issuance of post-dated cheques acknowledged the debt, and the appellant's attempt to seek an injunction had failed. Therefore, the appeal was dismissed. en-us Tue, 10 Nov 2009 00:00:00 +0530 Tue, 28 Oct 2014 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114000 The court upheld the order admitting the winding-up petition and directing its advertisement. The appellant's arguments of novation and bona fide dispute were rejected. The court found that the appellant was commercially insolvent and unable to pay its debts. The issuance of post-dated cheques acknowledged the debt, and the appellant's attempt to seek an injunction had failed. Therefore, the appeal was dismissed. Case-Laws Companies Law Tue, 10 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114000