https://www.taxtmi.com/caselaws?id=103217 A winding-up petition may be admitted and advertised where the debt is not shown to be bona fide disputed after statutory demand. The company had earlier confirmed the outstanding balance, and its reply did not challenge the liability itself but referred only to financial strain and losses. On those materials, the Court found no serious dispute as to the debt. A winding-up petition cannot be used as a pressure tactic to recover a genuinely disputed claim, but where the debt remains unpaid and no bona fide dispute is established, the petition may proceed. en-us Tue, 25 Jan 1994 00:00:00 +0530 Tue, 21 Feb 2012 15:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103217 A winding-up petition may be admitted and advertised where the debt is not shown to be bona fide disputed after statutory demand. The company had earlier confirmed the outstanding balance, and its reply did not challenge the liability itself but referred only to financial strain and losses. On those materials, the Court found no serious dispute as to the debt. A winding-up petition cannot be used as a pressure tactic to recover a genuinely disputed claim, but where the debt remains unpaid and no bona fide dispute is established, the petition may proceed. Case-Laws Companies Law Tue, 25 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103217