https://www.taxtmi.com/caselaws?id=236502 The court affirmed the finding that the appellant company was unable to pay its debts, based on dishonored cheques, and dismissed the appeal. The court allowed the appellant to pay the debt in monthly installments to avoid winding-up. It rejected the appellant's explanations for the dishonored cheques, fraud allegations, and the claim of reciprocal supply and set-off. The court concluded that there was no bona fide dispute and no suppression of material facts by the respondent, leading to the dismissal of the winding-up petition. en-us Wed, 04 Apr 2012 00:00:00 +0530 Fri, 30 Aug 2013 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236502 The court affirmed the finding that the appellant company was unable to pay its debts, based on dishonored cheques, and dismissed the appeal. The court allowed the appellant to pay the debt in monthly installments to avoid winding-up. It rejected the appellant's explanations for the dishonored cheques, fraud allegations, and the claim of reciprocal supply and set-off. The court concluded that there was no bona fide dispute and no suppression of material facts by the respondent, leading to the dismissal of the winding-up petition. Case-Laws Companies Law Wed, 04 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236502