Friday, 30 August 2013

HC admitted winding up petition as Co. failed to honour Rs. 1 lakh debt despite legal notices

CL: Where there was no bona fide dispute that debt due and payable by company was more than statutory amount of Rs. 1 lakh and in spite of statutory notice, company failed or neglected to pay same, winding up petition filed by creditor was deserved to be admitted


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