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Companies Law - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Winding up of Company - Inability to pay debts - it is a case ...


Court Rules on Winding Up: Company Able But Unwilling to Pay Debts Not Defended Under Company Law.

March 1, 2014

Case Laws     Companies Law     HC

Winding up of Company - Inability to pay debts - it is a case where the respondent has the ability to pay, but does not choose to pay; in such a case, the court will not come to its defence - HC

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