https://www.taxtmi.com/caselaws?id=103244 The court dismissed the winding up petition against the company, citing a bona fide dispute over the outstanding amount for professional services. Emphasizing the need for genuine disputes and commercial insolvency to justify a winding up order, the court found that the petitioner's claim did not meet the necessary criteria. The company's willingness to settle the claim upon meeting specific conditions further supported the dismissal of the petition. en-us Thu, 23 Feb 1995 00:00:00 +0530 Tue, 21 Feb 2012 17:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103244 The court dismissed the winding up petition against the company, citing a bona fide dispute over the outstanding amount for professional services. Emphasizing the need for genuine disputes and commercial insolvency to justify a winding up order, the court found that the petitioner's claim did not meet the necessary criteria. The company's willingness to settle the claim upon meeting specific conditions further supported the dismissal of the petition. Case-Laws Companies Law Thu, 23 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103244