https://www.taxtmi.com/caselaws?id=346195 The court admitted the company petition due to the respondent's failure to honor payment commitments for Natural Gypsum supplied by the petitioner, resulting in a disputed debt situation. Despite the respondent's allegations of breach of agreements and investment in the petitioner's business, the court found insufficient evidence to support these claims. The court deferred liquidation proceedings, giving the respondent a final opportunity to settle the outstanding amount with interest. Failure to comply within the specified timeframe would result in further legal actions by the petitioner. en-us Fri, 04 Aug 2017 00:00:00 +0530 Mon, 07 Aug 2017 11:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346195 The court admitted the company petition due to the respondent's failure to honor payment commitments for Natural Gypsum supplied by the petitioner, resulting in a disputed debt situation. Despite the respondent's allegations of breach of agreements and investment in the petitioner's business, the court found insufficient evidence to support these claims. The court deferred liquidation proceedings, giving the respondent a final opportunity to settle the outstanding amount with interest. Failure to comply within the specified timeframe would result in further legal actions by the petitioner. Case-Laws Companies Law Fri, 04 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346195