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Companies Law - Highlights / Catch Notes

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Winding up petition - company is unable to pay its debts - The ...


Company Faces Winding Up Petition Over Unpaid Debts, Unable to Dispute Statutory Demand Effectively.

June 7, 2017

Case Laws     Companies Law     HC

Winding up petition - company is unable to pay its debts - The respondent is not able to avoid statutory demand by raising any specific dispute and thus deserves to face consequence of winding up on the ground that the respondent is unable to pay its debts. - HC

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