https://www.taxtmi.com/caselaws?id=458377 A winding-up petition may be admitted where the debt is prima facie established, the statutory demand remains unanswered, and the company's objections do not disclose a genuine or substantial dispute. The Delhi HC compared the rival ledger extracts, challans, debit notes, dishonoured cheques and account statements, and found the respondent's version unreliable: the alleged debit notes lacked proper particulars and supporting documents, while the petitioner's debit entries were corroborated by letters and return challans. The Court rejected the challenge to the outstanding balance and interest computation, held that the dishonour of cheques remained unexplained, and admitted the petition, rejecting the respondent-company's objections. en-us Wed, 11 Dec 2013 00:00:00 +0530 Thu, 24 Oct 2024 15:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458377 A winding-up petition may be admitted where the debt is prima facie established, the statutory demand remains unanswered, and the company's objections do not disclose a genuine or substantial dispute. The Delhi HC compared the rival ledger extracts, challans, debit notes, dishonoured cheques and account statements, and found the respondent's version unreliable: the alleged debit notes lacked proper particulars and supporting documents, while the petitioner's debit entries were corroborated by letters and return challans. The Court rejected the challenge to the outstanding balance and interest computation, held that the dishonour of cheques remained unexplained, and admitted the petition, rejecting the respondent-company's objections. Case-Laws Indian Laws Wed, 11 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458377