https://www.taxtmi.com/caselaws?id=240171 The court granted the company's application under Section 466 of the Companies Act for a permanent stay of the winding-up petition. The company made partial payments to certain creditors and was directed to pay the remaining principal amount due to one creditor within a specified period. The dispute over interest payment was unresolved, with the court emphasizing the company's financial solvency and the need to address genuine disputes through civil proceedings. The court also ordered the company to reimburse the official liquidator for expenses incurred due to the winding-up petition within a week to maintain the stay order. en-us Fri, 26 Jul 2013 00:00:00 +0530 Wed, 27 Nov 2013 01:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240171 The court granted the company's application under Section 466 of the Companies Act for a permanent stay of the winding-up petition. The company made partial payments to certain creditors and was directed to pay the remaining principal amount due to one creditor within a specified period. The dispute over interest payment was unresolved, with the court emphasizing the company's financial solvency and the need to address genuine disputes through civil proceedings. The court also ordered the company to reimburse the official liquidator for expenses incurred due to the winding-up petition within a week to maintain the stay order. Case-Laws Companies Law Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240171