https://www.taxtmi.com/caselaws?id=257000 The court admitted the winding-up petitions, ruling that the respondent's defenses regarding the validity of corporate guarantees were not bona fide, and the respondent lacked the financial capacity to pay its debts. The court found the respondent's challenges to the guarantees to be unsubstantiated and raised as an afterthought. Consequently, the court ordered the petitions to be advertised for a hearing on 26.02.2015. en-us Fri, 02 Jan 2015 00:00:00 +0530 Fri, 27 Feb 2015 10:33:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257000 The court admitted the winding-up petitions, ruling that the respondent's defenses regarding the validity of corporate guarantees were not bona fide, and the respondent lacked the financial capacity to pay its debts. The court found the respondent's challenges to the guarantees to be unsubstantiated and raised as an afterthought. Consequently, the court ordered the petitions to be advertised for a hearing on 26.02.2015. Case-Laws Companies Law Fri, 02 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257000