https://www.taxtmi.com/caselaws?id=458831 The HC granted the petition for winding up under Section 434 of the Companies Act, ordering the dissolution of the respondent public limited company due to its inability to pay outstanding dues of Rs. 19,86,721.85. The court appointed the Official Liquidator and directed the petitioner to deposit Rs. 25,000 for initial expenses, publish the order, and serve a certified copy to the Registrar of Companies. The respondent's defense of substandard services was rejected, and the sealing of its registered office indicated financial incapacity. The court found sufficient evidence, including dishonored cheques and the respondent's admission of debt, to substantiate the petitioner's claim. en-us Wed, 29 Sep 2010 00:00:00 +0530 Mon, 18 Nov 2024 14:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458831 The HC granted the petition for winding up under Section 434 of the Companies Act, ordering the dissolution of the respondent public limited company due to its inability to pay outstanding dues of Rs. 19,86,721.85. The court appointed the Official Liquidator and directed the petitioner to deposit Rs. 25,000 for initial expenses, publish the order, and serve a certified copy to the Registrar of Companies. The respondent's defense of substandard services was rejected, and the sealing of its registered office indicated financial incapacity. The court found sufficient evidence, including dishonored cheques and the respondent's admission of debt, to substantiate the petitioner's claim. Case-Laws Companies Law Wed, 29 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458831