https://www.taxtmi.com/caselaws?id=104122 The High Court admitted the winding up petition seeking recovery of Rs. 10,00,000 against the respondent-company despite a dispute over the liability amount. The court rejected the respondent's argument to deduct a portion of the debt, emphasizing the undisputed nature of the debt and the fabricated nature of the disputed documents. The court clarified that a disputed debt does not automatically invalidate a winding up petition unless the dispute requires adjudication. Emphasizing the doctrine of severability, the court allowed exclusion of disputed portions of the debt in the petition and found grounds for admission based on the established prima facie case. en-us Wed, 24 Feb 1999 00:00:00 +0530 Mon, 27 Feb 2012 17:45:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104122 The High Court admitted the winding up petition seeking recovery of Rs. 10,00,000 against the respondent-company despite a dispute over the liability amount. The court rejected the respondent's argument to deduct a portion of the debt, emphasizing the undisputed nature of the debt and the fabricated nature of the disputed documents. The court clarified that a disputed debt does not automatically invalidate a winding up petition unless the dispute requires adjudication. Emphasizing the doctrine of severability, the court allowed exclusion of disputed portions of the debt in the petition and found grounds for admission based on the established prima facie case. Case-Laws Companies Law Wed, 24 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104122