Strong financial no ground to reject winding up petition filed against company defaulting in payments

HIGH COURT OF GUJARAT Baader Beteiligungs GMBH v/s. Parsoli Motor Works (P.) Ltd. CO. PETITION NO. 154 OF 2010 CO. APPLICATION NO. 406 OF 2011 Date of Pronouncement – 18.06.2012 ORDER 1. The petitioner has taken out present petition under Section 433 (e) and (f), Section 434 and Section 439 (1)(b) of Companies Act, 1956 (hereinafter referred to as ‘the Act’). The petitioner has alleged, inter alia, that the respondent Company has despite repeated reminders and even after statutory notice failed and neglected to discharge its financial liabilities and obligati...