https://www.taxtmi.com/caselaws?id=98753 Where a substantial bona fide dispute existed over liability and jurisdiction, the court held that winding up under the Companies Act could not be granted and the petition must be dismissed; the disputed contractual and factual questions (including whether a receipt extinguished prior contractual rights and the effect of a forum selection clause) should be resolved in the pending proceedings. The principle applied was that a bona fide dispute founded on substantial grounds precludes winding up and preserves the parties' rights to adjudicate liabilities in appropriate fora; costs were apportioned between the parties. en-us Thu, 09 Apr 1970 00:00:00 +0530 Sat, 21 Jan 2012 18:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98753 Where a substantial bona fide dispute existed over liability and jurisdiction, the court held that winding up under the Companies Act could not be granted and the petition must be dismissed; the disputed contractual and factual questions (including whether a receipt extinguished prior contractual rights and the effect of a forum selection clause) should be resolved in the pending proceedings. The principle applied was that a bona fide dispute founded on substantial grounds precludes winding up and preserves the parties' rights to adjudicate liabilities in appropriate fora; costs were apportioned between the parties. Case-Laws Companies Law Thu, 09 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98753