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2018 (9) TMI 1083 - HC - Companies LawWinding up petition - Held that:- Debt more than the statutory amount mentioned in Section 434 is due and respondent company is unable to pay the debt and there is nothing to indicate that debt is bonafidely disputed, hence the present case stands on different footing then the company petition earlier made . Having regard to the aforesaid, no case for recalling the order of admission is made out. The said order is confirmed. A case of winding up of respondent company is made out. Considering the circumstances, it is found that the petition has been presented on the ground that is just and equitable for passing an appropriate order of winding up. Accordingly I order winding up of the respondent-Company in accordance with the provisions of the Act read with the Company Court Rules, 1949.
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