https://www.taxtmi.com/caselaws?id=219696 The Appellate Court allowed reconsideration of the winding-up petition after initially declining admission due to non-compliance with payment conditions. The petitioning creditor claimed Rs. 1.45 lakh under an agreement for money due, supported by additional documents. The company's objection based on a no-dues certificate requirement was dismissed. The Court found the company liable to pay the petitioner the due amount, ordering payment of the principal sum with interest. Failure to comply would result in the winding-up petition proceeding. en-us Tue, 20 Nov 2012 00:00:00 +0530 Fri, 21 Dec 2012 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219696 The Appellate Court allowed reconsideration of the winding-up petition after initially declining admission due to non-compliance with payment conditions. The petitioning creditor claimed Rs. 1.45 lakh under an agreement for money due, supported by additional documents. The company's objection based on a no-dues certificate requirement was dismissed. The Court found the company liable to pay the petitioner the due amount, ordering payment of the principal sum with interest. Failure to comply would result in the winding-up petition proceeding. Case-Laws Companies Law Tue, 20 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219696