https://www.taxtmi.com/caselaws?id=296304 The court admitted the petition for winding up the respondent-company due to its failure to pay an admitted debt for material supplied by the petitioner. Despite the respondent's defense of disputed debt and ongoing business operations, the court found the debt undisputed and allowed an opportunity for settlement before further action, emphasizing the importance of resolving the financial dispute while considering the respondent's business operations and responsibilities. en-us Mon, 28 Sep 2015 00:00:00 +0530 Wed, 14 Jul 2021 06:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296304 The court admitted the petition for winding up the respondent-company due to its failure to pay an admitted debt for material supplied by the petitioner. Despite the respondent's defense of disputed debt and ongoing business operations, the court found the debt undisputed and allowed an opportunity for settlement before further action, emphasizing the importance of resolving the financial dispute while considering the respondent's business operations and responsibilities. Case-Laws Companies Law Mon, 28 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296304