https://www.taxtmi.com/caselaws?id=101698 Winding-up petitions should not be used to enforce disputed debts; where the company establishes a bona fide defence supported by prima facie evidence the petition is non-maintainable and the petitioner must pursue civil remedies. Claims founded on fixed-term deposit receipts are time-barred if limitation runs from the expiry of the deposit term; where admitted payments and proof of interest payments pre-date the limitation cut-off, the remaining claim is prima facie barred. Operatively, a petition based on such disputed, time-barred debt will be dismissed and the petitioners directed to seek relief by ordinary suit. en-us Wed, 24 May 1989 00:00:00 +0530 Fri, 10 Feb 2012 17:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101698 Winding-up petitions should not be used to enforce disputed debts; where the company establishes a bona fide defence supported by prima facie evidence the petition is non-maintainable and the petitioner must pursue civil remedies. Claims founded on fixed-term deposit receipts are time-barred if limitation runs from the expiry of the deposit term; where admitted payments and proof of interest payments pre-date the limitation cut-off, the remaining claim is prima facie barred. Operatively, a petition based on such disputed, time-barred debt will be dismissed and the petitioners directed to seek relief by ordinary suit. Case-Laws Companies Law Wed, 24 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101698