https://www.taxtmi.com/caselaws?id=186000 The court directed the winding up of the company due to its inability to pay debts, particularly the declared dividends for 1959. The order was stayed for three weeks to allow payment of dividends to specific parties. If payments were made, the winding-up petition would be dismissed; otherwise, it would proceed. The appellants were awarded costs, and no decision was made on a claim lacking a statutory demand. en-us Tue, 19 Nov 1963 00:00:00 +0530 Mon, 05 Sep 2016 14:19:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186000 The court directed the winding up of the company due to its inability to pay debts, particularly the declared dividends for 1959. The order was stayed for three weeks to allow payment of dividends to specific parties. If payments were made, the winding-up petition would be dismissed; otherwise, it would proceed. The appellants were awarded costs, and no decision was made on a claim lacking a statutory demand. Case-Laws Companies Law Tue, 19 Nov 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186000