https://www.taxtmi.com/caselaws?id=101288 The court found that the appellant's defense was not frivolous or mala fide and that the claims and counter-claims needed further investigation in a regular action. It held that the petitioning-creditor's debt was genuinely disputed and there was a prima facie case for the appellant's counter-claim. As a result, the court set aside the previous judgment admitting the winding-up petition and ordered the deposited sums to be held as security for future proceedings. The appeal was allowed with no costs awarded. en-us Mon, 17 Jun 1985 00:00:00 +0530 Thu, 09 Feb 2012 12:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101288 The court found that the appellant's defense was not frivolous or mala fide and that the claims and counter-claims needed further investigation in a regular action. It held that the petitioning-creditor's debt was genuinely disputed and there was a prima facie case for the appellant's counter-claim. As a result, the court set aside the previous judgment admitting the winding-up petition and ordered the deposited sums to be held as security for future proceedings. The appeal was allowed with no costs awarded. Case-Laws Companies Law Mon, 17 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101288