https://www.taxtmi.com/caselaws?id=257392 The court admitted the winding-up petition under Sections 433, 434, and 439 of the Companies Act, 1956, due to the company's failure to pay the outstanding amount of &8377; 54,593.32 for goods supplied. Despite the company's claims of poor quality and rejection of goods, the court found their defense to be an afterthought to avoid payment. The court ordered the company to pay the principal amount with 12% interest from the filing date within a specified period, failing which the petitioner could proceed with winding up proceedings. en-us Wed, 17 Sep 2014 00:00:00 +0530 Wed, 11 Mar 2015 07:06:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257392 The court admitted the winding-up petition under Sections 433, 434, and 439 of the Companies Act, 1956, due to the company's failure to pay the outstanding amount of &8377; 54,593.32 for goods supplied. Despite the company's claims of poor quality and rejection of goods, the court found their defense to be an afterthought to avoid payment. The court ordered the company to pay the principal amount with 12% interest from the filing date within a specified period, failing which the petitioner could proceed with winding up proceedings. Case-Laws Companies Law Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257392