https://www.taxtmi.com/caselaws?id=99332 The court rejected the petition for winding up the company as it found the disputes raised by the company regarding the debt to be bona fide and substantial. The company was deemed commercially solvent with assets exceeding liabilities, ongoing business operations, and a net profit for the relevant period. The court emphasized that a winding-up petition is not a proper method to enforce a debt that is genuinely disputed. en-us Thu, 08 Jan 1976 00:00:00 +0530 Wed, 25 Jan 2012 18:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99332 The court rejected the petition for winding up the company as it found the disputes raised by the company regarding the debt to be bona fide and substantial. The company was deemed commercially solvent with assets exceeding liabilities, ongoing business operations, and a net profit for the relevant period. The court emphasized that a winding-up petition is not a proper method to enforce a debt that is genuinely disputed. Case-Laws Companies Law Thu, 08 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99332