https://www.taxtmi.com/caselaws?id=103586 The High Court of Andhra Pradesh dismissed the appeal against the admission of the company petition under section 433 of the Companies Act, 1956. The court held that the limitation defense raised by the appellant was not valid, as evidenced by the submission of sales-tax declaration forms and balance confirmation letters, which acknowledged the existence of a debt and the jural relationship between the parties. The court emphasized that a bona fide limitation defense must be genuine and not illusory, and since the appellant failed to provide a valid explanation or respond to notices, the appeal was dismissed. en-us Mon, 09 Feb 1998 00:00:00 +0530 Thu, 23 Feb 2012 18:15:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103586 The High Court of Andhra Pradesh dismissed the appeal against the admission of the company petition under section 433 of the Companies Act, 1956. The court held that the limitation defense raised by the appellant was not valid, as evidenced by the submission of sales-tax declaration forms and balance confirmation letters, which acknowledged the existence of a debt and the jural relationship between the parties. The court emphasized that a bona fide limitation defense must be genuine and not illusory, and since the appellant failed to provide a valid explanation or respond to notices, the appeal was dismissed. Case-Laws Companies Law Mon, 09 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103586