https://www.taxtmi.com/caselaws?id=101580 The court dismissed the winding-up petitions against the respondent company, finding a bona fide dispute regarding the claims. The respondent company was deemed profitable, employing many workers, and not commercially insolvent. Therefore, the court ruled against winding up the company, stating it was capable of paying its debts and operating efficiently. The petitions were dismissed with no costs awarded. en-us Tue, 07 Oct 1986 00:00:00 +0530 Fri, 10 Feb 2012 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101580 The court dismissed the winding-up petitions against the respondent company, finding a bona fide dispute regarding the claims. The respondent company was deemed profitable, employing many workers, and not commercially insolvent. Therefore, the court ruled against winding up the company, stating it was capable of paying its debts and operating efficiently. The petitions were dismissed with no costs awarded. Case-Laws Companies Law Tue, 07 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101580