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2017 (7) TMI 1099 - HC - Companies LawWinding up petition - non payment of debts - Held that:- The respondent-Company is the principal borrower. The record clearly indicates that the decree passed by the Debt Recovery Tribunal-II, Mumbai is not interfered with by the Appellate Tribunal. The record further indicates that the said decree is unsatisfied till date. It prima facie appears that the respondent-Company is unable to pay the debts of the petitioner and is commercially insolvent Hence Company Petition is admitted and made returnable on 13th September 2017.
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