https://www.taxtmi.com/caselaws?id=102333 The High Court upheld the decision to refuse to advertise the petition under sections 433 and 434 of the Companies Act, 1956. The court found the debt genuinely disputed by the respondent, leading to the dismissal of the appeal. The respondent was directed to provide security of immovable property worth the outstanding amount within three months for potential recovery in a civil suit. The appellant was granted the benefit of section 14 of the Limitation Act, maintaining the option to pursue the claim through a civil suit. en-us Wed, 05 Aug 1992 00:00:00 +0530 Tue, 14 Feb 2012 15:16:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102333 The High Court upheld the decision to refuse to advertise the petition under sections 433 and 434 of the Companies Act, 1956. The court found the debt genuinely disputed by the respondent, leading to the dismissal of the appeal. The respondent was directed to provide security of immovable property worth the outstanding amount within three months for potential recovery in a civil suit. The appellant was granted the benefit of section 14 of the Limitation Act, maintaining the option to pursue the claim through a civil suit. Case-Laws Companies Law Wed, 05 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102333