https://www.taxtmi.com/caselaws?id=337932 An admitted debt above the statutory threshold, coupled with non-response to a statutory winding-up notice, can justify admission of a winding up petition. Discrepancies in the exact outstanding amount did not defeat admission where liability was acknowledged in correspondence. Allegations of defective goods were rejected as a belated moonshine defence because the goods were admitted to conform to specification and no contemporaneous complaint had been made. The absence of an express interest clause in the invoices also did not bar admission, since interest may still be claimed and the admitted debt was sufficient. The petition was admitted and directed to be advertised, with interim protection for ordinary business operations and accounts. en-us Tue, 10 Jan 2017 00:00:00 +0530 Sat, 21 Jan 2017 07:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337932 An admitted debt above the statutory threshold, coupled with non-response to a statutory winding-up notice, can justify admission of a winding up petition. Discrepancies in the exact outstanding amount did not defeat admission where liability was acknowledged in correspondence. Allegations of defective goods were rejected as a belated moonshine defence because the goods were admitted to conform to specification and no contemporaneous complaint had been made. The absence of an express interest clause in the invoices also did not bar admission, since interest may still be claimed and the admitted debt was sufficient. The petition was admitted and directed to be advertised, with interim protection for ordinary business operations and accounts. Case-Laws Companies Law Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337932