https://www.taxtmi.com/caselaws?id=97348 A winding up petition cannot be used as a means of enforcing payment of a debt that is bona fide disputed. Where liability is seriously contested and deciding the dispute would require detailed examination of correspondence, accounts, and the parties' dealings, the Companies Act remedy is inappropriate as a substitute for a civil suit. If the dispute is genuine on its face, the company cannot be treated as having neglected to pay within the meaning of the provision. The winding up order was therefore not sustainable and was liable to be set aside. en-us Tue, 12 Jul 1955 00:00:00 +0530 Mon, 16 Jan 2012 13:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97348 A winding up petition cannot be used as a means of enforcing payment of a debt that is bona fide disputed. Where liability is seriously contested and deciding the dispute would require detailed examination of correspondence, accounts, and the parties' dealings, the Companies Act remedy is inappropriate as a substitute for a civil suit. If the dispute is genuine on its face, the company cannot be treated as having neglected to pay within the meaning of the provision. The winding up order was therefore not sustainable and was liable to be set aside. Case-Laws Companies Law Tue, 12 Jul 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97348