https://www.taxtmi.com/caselaws?id=460226 The HC determined that the Company was unable to pay its debts, warranting a winding up under the Companies Act. The statutory notice served under Section 434 was deemed valid, as the Company did not dispute its receipt or respond. The purported 'Loan Agreement' was found invalid due to lack of signature by the petitioner, and the winding up petition was not considered premature, as the alleged agreement deferring the debt was not proven. Consequently, the petition for winding up was upheld. en-us Fri, 25 Apr 2014 00:00:00 +0530 Wed, 15 Jan 2025 20:53:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460226 The HC determined that the Company was unable to pay its debts, warranting a winding up under the Companies Act. The statutory notice served under Section 434 was deemed valid, as the Company did not dispute its receipt or respond. The purported 'Loan Agreement' was found invalid due to lack of signature by the petitioner, and the winding up petition was not considered premature, as the alleged agreement deferring the debt was not proven. Consequently, the petition for winding up was upheld. Case-Laws Companies Law Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460226