https://www.taxtmi.com/caselaws?id=103489 The court admitted the winding-up petition filed by Unitron Limited against Unicorp Industries Ltd. due to the respondent's failure to pay a debt owed for sales tax. The court found that the respondent's defense lacked credibility, as they failed to provide consistent evidence supporting their claim of a bona fide dispute over the debt. The court emphasized that a winding-up petition is not a tool to enforce payment of disputed debts and allowed a two-month period for the respondent to settle the debt before publication of the citation. en-us Wed, 27 Oct 1993 00:00:00 +0530 Thu, 23 Feb 2012 11:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103489 The court admitted the winding-up petition filed by Unitron Limited against Unicorp Industries Ltd. due to the respondent's failure to pay a debt owed for sales tax. The court found that the respondent's defense lacked credibility, as they failed to provide consistent evidence supporting their claim of a bona fide dispute over the debt. The court emphasized that a winding-up petition is not a tool to enforce payment of disputed debts and allowed a two-month period for the respondent to settle the debt before publication of the citation. Case-Laws Companies Law Wed, 27 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103489