https://www.taxtmi.com/caselaws?id=101154 The court rejected the petition seeking winding-up of the company under the Companies Act, 1956, as the debt was disputed and not quantified. The judgment emphasized the necessity of a clear and quantified debt for a winding-up order, cautioning against using such petitions to enforce disputed debts. The court highlighted the importance of establishing a creditor-debtor relationship without dispute and advised the petitioner to seek remedy in a civil court to quantify the debt before pursuing winding-up proceedings. en-us Mon, 10 Sep 1984 00:00:00 +0530 Wed, 08 Feb 2012 17:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101154 The court rejected the petition seeking winding-up of the company under the Companies Act, 1956, as the debt was disputed and not quantified. The judgment emphasized the necessity of a clear and quantified debt for a winding-up order, cautioning against using such petitions to enforce disputed debts. The court highlighted the importance of establishing a creditor-debtor relationship without dispute and advised the petitioner to seek remedy in a civil court to quantify the debt before pursuing winding-up proceedings. Case-Laws Companies Law Mon, 10 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101154