https://www.taxtmi.com/caselaws?id=460200 The company was found unable to meet its debts because its financial position, admitted default, recovery action by the secured creditor, and no effective response to the statutory notice showed persistent inability to pay. The petition was also duly advertised and the statutory requirements were satisfied, leading to an order for winding up and appointment of the Official Liquidator as liquidator. en-us Fri, 03 Jan 2014 00:00:00 +0530 Wed, 15 Jan 2025 13:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460200 The company was found unable to meet its debts because its financial position, admitted default, recovery action by the secured creditor, and no effective response to the statutory notice showed persistent inability to pay. The petition was also duly advertised and the statutory requirements were satisfied, leading to an order for winding up and appointment of the Official Liquidator as liquidator. Case-Laws Companies Law Fri, 03 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460200