https://www.taxtmi.com/caselaws?id=213732 The court granted the petition for winding up under sections 433(e), (f), 434(1)(a), and 439 of the Companies Act, 1956, as the respondent company failed to pay its admitted debts and raised false disputes to evade liability. Despite being profitable, the respondent's inability to settle admitted liabilities led to the winding-up order. The court ordered the petition to be advertised, appointed the official liquidator to manage the respondent's assets, and directed ex-directors to submit their financial statements. The petitioner was instructed to deposit initial liquidation expenses. en-us Wed, 27 Apr 2011 00:00:00 +0530 Fri, 08 Feb 2013 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213732 The court granted the petition for winding up under sections 433(e), (f), 434(1)(a), and 439 of the Companies Act, 1956, as the respondent company failed to pay its admitted debts and raised false disputes to evade liability. Despite being profitable, the respondent's inability to settle admitted liabilities led to the winding-up order. The court ordered the petition to be advertised, appointed the official liquidator to manage the respondent's assets, and directed ex-directors to submit their financial statements. The petitioner was instructed to deposit initial liquidation expenses. Case-Laws Companies Law Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213732