https://www.taxtmi.com/caselaws?id=103004 The court refused to wind up S.A. Builders as the company demonstrated a substantial defense against the petitioner's claim for payment of shares. The court found the amount claimed was not an admitted debt, noting the company's solvency and ability to pay debts. The dispute resolution clause requiring arbitration was highlighted, and the court directed the parties to pursue civil remedies, as the petitioner had not followed the agreement's terms for selling the shares. The court dismissed the winding-up petition, emphasizing the company's viability and rejecting the petitioner's claim as an admitted debt. en-us Fri, 03 Nov 1995 00:00:00 +0530 Mon, 20 Feb 2012 11:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103004 The court refused to wind up S.A. Builders as the company demonstrated a substantial defense against the petitioner's claim for payment of shares. The court found the amount claimed was not an admitted debt, noting the company's solvency and ability to pay debts. The dispute resolution clause requiring arbitration was highlighted, and the court directed the parties to pursue civil remedies, as the petitioner had not followed the agreement's terms for selling the shares. The court dismissed the winding-up petition, emphasizing the company's viability and rejecting the petitioner's claim as an admitted debt. Case-Laws Companies Law Fri, 03 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103004