https://www.taxtmi.com/caselaws?id=296609 The court upheld the decision to wind up the respondent company for failing to pay debts under a Corporate Guarantee, totaling USD 5,215,281.86. Despite the respondent's defenses, including jurisdictional issues and lack of certification of the claim, the court found them insufficient. The order for winding up was finalized on appeal, holding the respondent liable for the debt. The court appointed an Official Liquidator to manage the company's assets promptly, with the respondent waiving service of the petition. Compliance was directed to the company's registered address. en-us Wed, 20 Sep 2017 00:00:00 +0530 Mon, 05 Sep 2022 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296609 The court upheld the decision to wind up the respondent company for failing to pay debts under a Corporate Guarantee, totaling USD 5,215,281.86. Despite the respondent's defenses, including jurisdictional issues and lack of certification of the claim, the court found them insufficient. The order for winding up was finalized on appeal, holding the respondent liable for the debt. The court appointed an Official Liquidator to manage the company's assets promptly, with the respondent waiving service of the petition. Compliance was directed to the company's registered address. Case-Laws Companies Law Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296609