https://www.taxtmi.com/caselaws?id=98375 Whether petitioners were creditors and whether the company's denial constituted a bona fide dispute: the court held the entries, renewal/acceptance letters and board resolution amounted to acknowledgements of liability, restarting limitation and showing the deposit was payable on demand; the company's denial was found not bona fide but dishonest. Because the company had ceased business and opponents failed to show creditor benefit from continuation, the petitioners were treated as creditors and the winding-up petition was allowed in their favour. en-us Thu, 22 Dec 1966 00:00:00 +0530 Fri, 20 Jan 2012 13:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98375 Whether petitioners were creditors and whether the company's denial constituted a bona fide dispute: the court held the entries, renewal/acceptance letters and board resolution amounted to acknowledgements of liability, restarting limitation and showing the deposit was payable on demand; the company's denial was found not bona fide but dishonest. Because the company had ceased business and opponents failed to show creditor benefit from continuation, the petitioners were treated as creditors and the winding-up petition was allowed in their favour. Case-Laws Companies Law Thu, 22 Dec 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98375