https://www.taxtmi.com/caselaws?id=104466 The court dismissed the creditor's petition for winding up the company under sections 433, 434, and 439 of the Companies Act, 1956. The court found that the disputed amount was bona fide contested by the company, and there was insufficient evidence to establish the debt conclusively. It was determined that the issues raised required a full trial to ascertain their validity. The court allowed the petitioner to pursue remedies in a civil court and directed the company to provide security if a civil suit was initiated for the claimed amount within thirty days. No costs were awarded. en-us Fri, 24 Mar 1995 00:00:00 +0530 Wed, 29 Feb 2012 12:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104466 The court dismissed the creditor's petition for winding up the company under sections 433, 434, and 439 of the Companies Act, 1956. The court found that the disputed amount was bona fide contested by the company, and there was insufficient evidence to establish the debt conclusively. It was determined that the issues raised required a full trial to ascertain their validity. The court allowed the petitioner to pursue remedies in a civil court and directed the company to provide security if a civil suit was initiated for the claimed amount within thirty days. No costs were awarded. Case-Laws Companies Law Fri, 24 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104466