https://www.taxtmi.com/caselaws?id=221763 The Court dismissed the petition, ruling that the Respondent was not unable to pay its debts and should not be wound up under Sections 433(e) and 434 of the Companies Act. The Petitioner was ordered to pay costs of Rs. 20,000 to the Respondent within four weeks. The decision was specific to the winding-up petition and did not affect the parties' positions in the ongoing lawsuit. en-us Tue, 19 Mar 2013 00:00:00 +0530 Tue, 26 Mar 2013 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221763 The Court dismissed the petition, ruling that the Respondent was not unable to pay its debts and should not be wound up under Sections 433(e) and 434 of the Companies Act. The Petitioner was ordered to pay costs of Rs. 20,000 to the Respondent within four weeks. The decision was specific to the winding-up petition and did not affect the parties' positions in the ongoing lawsuit. Case-Laws Companies Law Tue, 19 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221763