https://www.taxtmi.com/caselaws?id=221014 The court allowed the petition under section 433(e) of the Companies Act, ordering the winding up of the respondent company due to non-payment for goods delivered by the petitioner company. Despite initial promises of partial payment, the respondent failed to fulfill the commitment, leading to the restoration of the company petition. The court rejected the respondent's counsel's retirement memo, considering the admission of debt and dishonor of post-dated cheques. The petitioner was instructed to inform the Registrar of Companies and deposit initial winding up expenses with the Official Liquidator. en-us Tue, 04 Dec 2012 00:00:00 +0530 Tue, 19 Feb 2013 07:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221014 The court allowed the petition under section 433(e) of the Companies Act, ordering the winding up of the respondent company due to non-payment for goods delivered by the petitioner company. Despite initial promises of partial payment, the respondent failed to fulfill the commitment, leading to the restoration of the company petition. The court rejected the respondent's counsel's retirement memo, considering the admission of debt and dishonor of post-dated cheques. The petitioner was instructed to inform the Registrar of Companies and deposit initial winding up expenses with the Official Liquidator. Case-Laws Companies Law Tue, 04 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221014