Section 7 admission requires established financial debt and default, not precise interest quantification, while post-suspension defaults remain action...
Default in payment of bills - Maintainability of Winding up application - Once the bona fide dispute is raised it would weaken the chance to have admission of the winding up petition, otherwise admission is an obvious consequence. - HC
Default in payment of bills - Maintainability of Winding up application - Once the bona fide dispute is raised it would weaken the chance to have admission of the winding up petition, otherwise admission is an obvious consequence. - HC
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