https://www.taxtmi.com/caselaws?id=99779 The court dismissed the appeal and affirmed the admission of the winding-up petition, ruling that there was no genuine dispute over the debt. The court found the company's conduct and representations to lack credibility, including the failure to accept the bill of exchange, acknowledgment of liability by the company's attorney, and discrepancies in settling with the ship owners. The court emphasized that the company's actions did not support a bona fide dispute and upheld the liability of the company to the bank. en-us Fri, 09 May 1980 00:00:00 +0530 Mon, 30 Jan 2012 11:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99779 The court dismissed the appeal and affirmed the admission of the winding-up petition, ruling that there was no genuine dispute over the debt. The court found the company's conduct and representations to lack credibility, including the failure to accept the bill of exchange, acknowledgment of liability by the company's attorney, and discrepancies in settling with the ship owners. The court emphasized that the company's actions did not support a bona fide dispute and upheld the liability of the company to the bank. Case-Laws Companies Law Fri, 09 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99779