https://www.taxtmi.com/caselaws?id=104044 The court dismissed the petition for winding up the respondent-company, as it found the respondent's defense to be bona fide and substantial. The court concluded that the debt claimed was not definite or undisputed, and the respondent demonstrated financial capability to settle the disputed claims. The petitioners were allowed to pursue their claim in another forum if desired. en-us Fri, 29 Dec 1995 00:00:00 +0530 Mon, 27 Feb 2012 13:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104044 The court dismissed the petition for winding up the respondent-company, as it found the respondent's defense to be bona fide and substantial. The court concluded that the debt claimed was not definite or undisputed, and the respondent demonstrated financial capability to settle the disputed claims. The petitioners were allowed to pursue their claim in another forum if desired. Case-Laws Companies Law Fri, 29 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104044