https://www.taxtmi.com/caselaws?id=103380 A winding-up petition is not maintainable where the underlying debt is genuinely disputed on facts, including disagreement over contractual performance, supply obligations, retention money, and adjustment of advances. The article also states that an admission referring to an earlier liability cannot sustain insolvency proceedings if the claim has become time-barred; a stale demand cannot be revived through winding-up jurisdiction. The stated principle is that company winding-up is unavailable for an undisputed debt only, and limitation remains a complete bar where the alleged liability is no longer enforceable. en-us Fri, 10 Jan 1997 00:00:00 +0530 Wed, 22 Feb 2012 15:42:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103380 A winding-up petition is not maintainable where the underlying debt is genuinely disputed on facts, including disagreement over contractual performance, supply obligations, retention money, and adjustment of advances. The article also states that an admission referring to an earlier liability cannot sustain insolvency proceedings if the claim has become time-barred; a stale demand cannot be revived through winding-up jurisdiction. The stated principle is that company winding-up is unavailable for an undisputed debt only, and limitation remains a complete bar where the alleged liability is no longer enforceable. Case-Laws Companies Law Fri, 10 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103380