https://www.taxtmi.com/caselaws?id=199348 A company's reply to a statutory notice was found insufficient to rebut the petitioning creditor's claim, leaving the admitted balance unpaid and supporting the view that the debt remained unsatisfied. On that basis, the company was treated as unable to meet the amount claimed in the notice, and the winding up petition was admitted for the principal sum with interest. The petition was kept in abeyance for payment within the stipulated period, with advertisement to follow if payment was not made. en-us Tue, 02 Sep 2014 00:00:00 +0530 Mon, 26 Feb 2018 17:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199348 A company's reply to a statutory notice was found insufficient to rebut the petitioning creditor's claim, leaving the admitted balance unpaid and supporting the view that the debt remained unsatisfied. On that basis, the company was treated as unable to meet the amount claimed in the notice, and the winding up petition was admitted for the principal sum with interest. The petition was kept in abeyance for payment within the stipulated period, with advertisement to follow if payment was not made. Case-Laws Companies Law Tue, 02 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199348