https://www.taxtmi.com/caselaws?id=367347 Curable procedural defects in a winding-up petition, including typographical errors or form non-compliance, do not justify recall where the petition is filed by a duly authorised officer and the supporting affidavit is substantially compliant; the recall request was rejected. On the merits, proof of supply of goods, dishonoured cheques, balance confirmation, absence of a bona fide dispute, unpaid debt above the statutory threshold, cessation of business activity, and erosion of substratum established inability to pay debts and grounds for winding up; the petition was allowed to proceed to advertisement, liquidation, and appointment of the Official Liquidator. en-us Mon, 27 Aug 2018 00:00:00 +0530 Wed, 19 Sep 2018 07:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367347 Curable procedural defects in a winding-up petition, including typographical errors or form non-compliance, do not justify recall where the petition is filed by a duly authorised officer and the supporting affidavit is substantially compliant; the recall request was rejected. On the merits, proof of supply of goods, dishonoured cheques, balance confirmation, absence of a bona fide dispute, unpaid debt above the statutory threshold, cessation of business activity, and erosion of substratum established inability to pay debts and grounds for winding up; the petition was allowed to proceed to advertisement, liquidation, and appointment of the Official Liquidator. Case-Laws Companies Law Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367347