https://www.taxtmi.com/caselaws?id=459217 Balance sheet entries and a subsequent letter acknowledging liability were treated as acknowledgment of debt and as keeping the claim within limitation. After service of a statutory demand under the Companies Act, the respondent neither replied nor paid, so the debt was treated as admitted, undisputed, and unpaid. On that basis, the material supported winding up on the ground of neglect to pay an admitted debt, together with interim winding-up directions and appointment of the Official Liquidator as provisional liquidator. en-us Mon, 12 Aug 2013 00:00:00 +0530 Thu, 05 Dec 2024 14:08:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459217 Balance sheet entries and a subsequent letter acknowledging liability were treated as acknowledgment of debt and as keeping the claim within limitation. After service of a statutory demand under the Companies Act, the respondent neither replied nor paid, so the debt was treated as admitted, undisputed, and unpaid. On that basis, the material supported winding up on the ground of neglect to pay an admitted debt, together with interim winding-up directions and appointment of the Official Liquidator as provisional liquidator. Case-Laws Companies Law Mon, 12 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459217