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Companies Act, 1956
434. Company when deemed unable to pay its debts.
(1) A company shall be deemed ... unable to pay its debts-
(a) if a creditor, by assignment or otherwise, to whom the company is indebted
Central Government Act
company on the ground that the company is unable to pay its
debts as envisaged by section ... ground that the
respondent-companies are unable to pay their debts, are ex parte
admitted and ordered to be advertised
Karnataka High Court
further been alleged that the company is unable to pay the
salary and other dues amounting ... Companies Act ?
4. Whether the company is unable to pay its debts under Section
433(e) of the Companies
Allahabad High Court
company on the ground that the Comany is unable to pay its
debts as envisaged ... ground that the
respondent-companies are unable to pay their debts, are ex parte
admitted and ordered to be advertised
Karnataka High Court
Clause (e) is that "the company is unable to pay its debts."
It is to be noticed that this section ... cases:
(1) if the banking company is unable to pay its debts; or
(2) if the Reserve Bank applies
Patna High Court
Bombay High Court
Fomento Resorts And Hotels Ltd. vs Goa Golf Club Pvt. Ltd. on
Bombay High Court
hypothecated. The petitioner says that the company is unable to
pay its debts in the sense that its present liabilities ... debts within the meaning of the
expression "unable to pay its debts" in Section 433(e) of the Act arises
Calcutta High Court
ground, that the
respondent-company is unable to pay its "debts due" within the meaning
of Section ... must be presumed that the
respondent-company is unable to pay its "debts due" and, therefore, the
respondent-company
Karnataka High Court
Company on grounds that the
Company is unable to pay its debts within the meaning of Section ... fact, and must also be
deemed to be, unable to pay its debts ; and that in view of the several
Karnataka High Court
insolvent
on the ground that he is not unable to pay his debts.
2. In his application for insolvency ... Their objection was that the
appellant was not unable to pay his debts, that he had concealed many
Patna High Court
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