https://www.taxtmi.com/caselaws?id=216974 The Court admitted the winding-up petition filed by the petitioner against the respondent company for non-payment of the due amount for supplied goods. The Court found the respondent's defense of defective goods to be unsubstantiated and ordered payment of the outstanding amount with interest. Publication of the petition was deferred for two weeks to allow the respondent to make the payment, failing which publication would proceed in specified newspapers and the official gazette. The judgment emphasized the significance of timely and genuine communication in commercial transactions and relied on legal precedents to support the decision. en-us Sat, 08 Sep 2012 00:00:00 +0530 Thu, 27 Sep 2012 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216974 The Court admitted the winding-up petition filed by the petitioner against the respondent company for non-payment of the due amount for supplied goods. The Court found the respondent's defense of defective goods to be unsubstantiated and ordered payment of the outstanding amount with interest. Publication of the petition was deferred for two weeks to allow the respondent to make the payment, failing which publication would proceed in specified newspapers and the official gazette. The judgment emphasized the significance of timely and genuine communication in commercial transactions and relied on legal precedents to support the decision. Case-Laws Companies Law Sat, 08 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216974