https://www.taxtmi.com/caselaws?id=218390 An order admitting a winding-up petition was held to be appealable, because the admission order substantially affected the company's interests and appellate provisions should be construed to preserve, not curtail, the right of appeal. The court also stated that such an admission order must be reasoned, since admission turns on whether a debt exists, whether the petitioner is a creditor, whether the company is unable to pay, and whether the defence is bona fide rather than a mere moonshine. The impugned admission order was set aside and the matter remitted for fresh consideration by a reasoned order. en-us Thu, 24 May 2012 00:00:00 +0530 Mon, 12 Nov 2012 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218390 An order admitting a winding-up petition was held to be appealable, because the admission order substantially affected the company's interests and appellate provisions should be construed to preserve, not curtail, the right of appeal. The court also stated that such an admission order must be reasoned, since admission turns on whether a debt exists, whether the petitioner is a creditor, whether the company is unable to pay, and whether the defence is bona fide rather than a mere moonshine. The impugned admission order was set aside and the matter remitted for fresh consideration by a reasoned order. Case-Laws Companies Law Thu, 24 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218390