https://www.taxtmi.com/caselaws?id=372540 The court admitted the petition for winding up the respondent company based on outstanding dues of Rs. 2,12,288 for security services provided by the petitioner. The court appointed the Official Liquidator as the Provisional Liquidator to oversee the winding-up process, granting a six-week period for the respondent to pay the outstanding amount. Failure to do so would result in further liquidation proceedings. The judgment emphasized the importance of genuine disputes and transparency in resolving outstanding dues to prevent misuse of winding-up petitions. en-us Wed, 12 Dec 2018 00:00:00 +0530 Tue, 25 Dec 2018 08:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372540 The court admitted the petition for winding up the respondent company based on outstanding dues of Rs. 2,12,288 for security services provided by the petitioner. The court appointed the Official Liquidator as the Provisional Liquidator to oversee the winding-up process, granting a six-week period for the respondent to pay the outstanding amount. Failure to do so would result in further liquidation proceedings. The judgment emphasized the importance of genuine disputes and transparency in resolving outstanding dues to prevent misuse of winding-up petitions. Case-Laws Companies Law Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372540