Winding up petition admitted on account of failure to repay inter-corporate deposit: Delhi HC

CL: Where appellant, debtor company, merely denied its letter acknowledging debt due to respondent and it did not justify such denial by producing ledger accounts maintained by it to traverse and disclaim entries reflected with said letter, Single Judge was justified in drawing adverse inference against appellant and admitting winding up petition

from www.taxmann.com Latest Case Laws https://ift.tt/2SsQWD7