https://www.taxtmi.com/caselaws?id=261580 The court found in favor of the petitioner in a winding-up petition against the respondent for non-payment of a substantial debt. Despite the respondent's claims of overpayment and coercion in admitting the debt, the court noted the lack of evidence and substance in their defense. The court emphasized the creditor's right to seek winding up for non-disputed debts and admitted the petition, compelling the respondent to address the debt promptly. The court deferred advertisement publication to provide the respondent with an opportunity to settle the debt before further action. en-us Tue, 12 Aug 2014 00:00:00 +0530 Thu, 16 Jul 2015 08:45:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261580 The court found in favor of the petitioner in a winding-up petition against the respondent for non-payment of a substantial debt. Despite the respondent's claims of overpayment and coercion in admitting the debt, the court noted the lack of evidence and substance in their defense. The court emphasized the creditor's right to seek winding up for non-disputed debts and admitted the petition, compelling the respondent to address the debt promptly. The court deferred advertisement publication to provide the respondent with an opportunity to settle the debt before further action. Case-Laws Companies Law Tue, 12 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261580