https://www.taxtmi.com/caselaws?id=332820 The court dismissed the winding up petition filed under Section 433(e) of the Companies Act due to the company's inability to pay its statutory debts under the Chhattisgarh Value Added Tax Act. Despite the company's claim of commercial insolvency, the court exercised judicial discretion and considered factors such as partial payment of tax dues and insufficient financial information provided, leading to the dismissal of the petition. en-us Mon, 08 Aug 2016 00:00:00 +0530 Tue, 27 Sep 2016 12:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332820 The court dismissed the winding up petition filed under Section 433(e) of the Companies Act due to the company's inability to pay its statutory debts under the Chhattisgarh Value Added Tax Act. Despite the company's claim of commercial insolvency, the court exercised judicial discretion and considered factors such as partial payment of tax dues and insufficient financial information provided, leading to the dismissal of the petition. Case-Laws Companies Law Mon, 08 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332820