https://www.taxtmi.com/caselaws?id=101791 A winding up petition for non-payment of debt will not be defeated unless the company shows a bona fide, substantial dispute supported by prima facie evidence; on the stated facts, the defence lacked contemporaneous support and was treated as an afterthought, so the petition was maintainable. In a sale of goods transaction, interest on unpaid price may be awarded in the court's discretion under the Sale of Goods Act; the claimed rate was not proved, and interest was reduced to 12% per annum as just and proper from the specified date until realization. en-us Fri, 26 May 1989 00:00:00 +0530 Sat, 11 Feb 2012 11:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101791 A winding up petition for non-payment of debt will not be defeated unless the company shows a bona fide, substantial dispute supported by prima facie evidence; on the stated facts, the defence lacked contemporaneous support and was treated as an afterthought, so the petition was maintainable. In a sale of goods transaction, interest on unpaid price may be awarded in the court's discretion under the Sale of Goods Act; the claimed rate was not proved, and interest was reduced to 12% per annum as just and proper from the specified date until realization. Case-Laws Companies Law Fri, 26 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101791