https://www.taxtmi.com/caselaws?id=380350 The court admitted the winding-up petition against the company due to its failure to pay the claimed amount with interest. The company was directed to pay the principal amount along with interest at the rate of 8% per annum from the date of receipt of the statutory notice. Despite assurances from the company's advocate regarding payment of interest by a certain date, the failure to clear the admitted debt led to the conclusion that the company was unable to pay its debts, justifying the winding-up order. The court decided to list the matter for further orders due to the unresolved dispute over interest payment. en-us Wed, 13 Mar 2019 00:00:00 +0530 Mon, 20 May 2019 06:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380350 The court admitted the winding-up petition against the company due to its failure to pay the claimed amount with interest. The company was directed to pay the principal amount along with interest at the rate of 8% per annum from the date of receipt of the statutory notice. Despite assurances from the company's advocate regarding payment of interest by a certain date, the failure to clear the admitted debt led to the conclusion that the company was unable to pay its debts, justifying the winding-up order. The court decided to list the matter for further orders due to the unresolved dispute over interest payment. Case-Laws Companies Law Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380350