https://www.taxtmi.com/caselaws?id=101558 The court found that the respondent company's counter-claim was insufficient to dismiss the winding-up petition filed by Dubai Dry Docks Co. Ltd. against M/s. Hede Navigation Co. Ltd. The judge noted a lack of bona fides in the respondent company's challenges to the repairs and delayed payment. As a result, the court stayed the advertisement of the winding-up petition for three months, requiring the respondent company to deposit Rs. 10 lakhs by a specified date to pursue their claims. Failure to comply would lead to the advertisement of the winding-up petition, emphasizing the need for prompt action by the respondent company. en-us Mon, 28 Mar 1988 00:00:00 +0530 Fri, 10 Feb 2012 12:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101558 The court found that the respondent company's counter-claim was insufficient to dismiss the winding-up petition filed by Dubai Dry Docks Co. Ltd. against M/s. Hede Navigation Co. Ltd. The judge noted a lack of bona fides in the respondent company's challenges to the repairs and delayed payment. As a result, the court stayed the advertisement of the winding-up petition for three months, requiring the respondent company to deposit Rs. 10 lakhs by a specified date to pursue their claims. Failure to comply would lead to the advertisement of the winding-up petition, emphasizing the need for prompt action by the respondent company. Case-Laws Companies Law Mon, 28 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101558