https://www.taxtmi.com/caselaws?id=103178 A winding-up petition founded on an alleged debt will not lie where the respondent raises a bona fide dispute on liability. The HC noted that objections concerning price variation, colour mismatch and quality defects were supported by correspondence predating the demand notice, showing the debt was not an undisputed liability. On that basis, the company court remedy under the Companies Act, 1956 was unavailable and the petition was rejected. en-us Fri, 27 Aug 1993 00:00:00 +0530 Tue, 21 Feb 2012 12:25:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103178 A winding-up petition founded on an alleged debt will not lie where the respondent raises a bona fide dispute on liability. The HC noted that objections concerning price variation, colour mismatch and quality defects were supported by correspondence predating the demand notice, showing the debt was not an undisputed liability. On that basis, the company court remedy under the Companies Act, 1956 was unavailable and the petition was rejected. Case-Laws Companies Law Fri, 27 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103178