https://www.taxtmi.com/caselaws?id=103658 A winding-up petition under the Companies Act, 1956 can be admitted where the debt is shown as due and payable and the alleged dispute is not bona fide. The record here included the dealership appointment letter, payment evidence, receipts issued by the company, and ledger entries supporting the claimed dues. The company's reply was found inconsistent and unsupported by documents, and the dispute was treated as vague and raised only to delay payment. On that basis, the respondent-company's defence was rejected as lacking substance and the petition was admitted. en-us Thu, 23 Apr 1998 00:00:00 +0530 Fri, 24 Feb 2012 12:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103658 A winding-up petition under the Companies Act, 1956 can be admitted where the debt is shown as due and payable and the alleged dispute is not bona fide. The record here included the dealership appointment letter, payment evidence, receipts issued by the company, and ledger entries supporting the claimed dues. The company's reply was found inconsistent and unsupported by documents, and the dispute was treated as vague and raised only to delay payment. On that basis, the respondent-company's defence was rejected as lacking substance and the petition was admitted. Case-Laws Companies Law Thu, 23 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103658