2003 (12) TMI 338

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..... tition for winding up of the respondent-company on the ground that the respondent is due in a sum of Rs. 3,77,950 together with interest at 24 per cent, per annum on the ground that the respondent is unable to pay the debts. The respondent after service of notice entered appearance and filed detailed statement of objections contending that the respondent-company is commercially solvent and there .....

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..... he contention of the petitioner is that the respondent is unable to pay the debt is falsified and it also substantiates the contention of the respondent that they are commercially solvent. Therefore, the petition filed cannot be entertained further. However, if the petitioner so chooses he can claim interest from the date of the petition till today. The dismissal of this petition would not come i .....

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