https://www.taxtmi.com/highlights?id=7268 Winding up petition - Even if it is “proved to the satisfaction” of the Court that the Respondent company is unable to pay its debts, the Petitioner would also have to show that the company “neglected to pay the sum or to secure or compound for it to the reasonable satisfaction” of the Petitioner. - HC en-us Fri, 29 Mar 2013 10:03:07 +0530 Fri, 29 Mar 2013 10:03:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=7268 Winding up petition - Even if it is “proved to the satisfaction” of the Court that the Respondent company is unable to pay its debts, the Petitioner would also have to show that the company “neglected to pay the sum or to secure or compound for it to the reasonable satisfaction” of the Petitioner. - HC Highlights Companies Law Fri, 29 Mar 2013 10:03:07 +0530 https://www.taxtmi.com/highlights?id=7268