https://www.taxtmi.com/caselaws?id=97854 In a winding-up petition dismissed by consent, the court held that a petitioning creditor is not automatically liable for the company's and opposing creditors' costs merely because no judgment had been obtained. The decisive factors were that the debt was undisputed and the creditor had acted reasonably, placing the creditor in a position materially similar to a judgment creditor for costs purposes. On that basis, the court declined to make a costs order against the petitioning creditor. en-us Thu, 18 May 1961 00:00:00 +0530 Wed, 18 Jan 2012 13:13:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97854 In a winding-up petition dismissed by consent, the court held that a petitioning creditor is not automatically liable for the company's and opposing creditors' costs merely because no judgment had been obtained. The decisive factors were that the debt was undisputed and the creditor had acted reasonably, placing the creditor in a position materially similar to a judgment creditor for costs purposes. On that basis, the court declined to make a costs order against the petitioning creditor. Case-Laws Companies Law Thu, 18 May 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97854