https://www.taxtmi.com/caselaws?id=98727 The court found that the winding-up petition was an abuse of process and not maintainable due to a bona fide dispute regarding the debt claimed by the respondent. The court held that the disputes raised were genuine and not frivolous, leading to a permanent stay of the winding-up petition. The respondent was granted three months to establish its claim, with an injunction against the company from dealing with its assets except in the usual course of business during this period. en-us Fri, 21 Mar 1969 00:00:00 +0530 Sat, 21 Jan 2012 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98727 The court found that the winding-up petition was an abuse of process and not maintainable due to a bona fide dispute regarding the debt claimed by the respondent. The court held that the disputes raised were genuine and not frivolous, leading to a permanent stay of the winding-up petition. The respondent was granted three months to establish its claim, with an injunction against the company from dealing with its assets except in the usual course of business during this period. Case-Laws Companies Law Fri, 21 Mar 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98727