https://www.taxtmi.com/caselaws?id=104604 A curable defect in the affidavit verifying a winding-up petition does not by itself justify rejection where the deponent identifies his role and confirms the petition on knowledge and information, and a subsequent affidavit can cure the irregularity. More importantly, winding-up jurisdiction cannot be used to enforce a debt that is bona fide disputed on substantial grounds. Where the dispute concerns contractual performance, defects, retention money, counter-claims, and arbitration has been invoked, the claim is not treated as admitted or definite. The petition was therefore not maintainable on merits and was rejected. en-us Fri, 17 Apr 1998 00:00:00 +0530 Wed, 29 Feb 2012 16:56:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104604 A curable defect in the affidavit verifying a winding-up petition does not by itself justify rejection where the deponent identifies his role and confirms the petition on knowledge and information, and a subsequent affidavit can cure the irregularity. More importantly, winding-up jurisdiction cannot be used to enforce a debt that is bona fide disputed on substantial grounds. Where the dispute concerns contractual performance, defects, retention money, counter-claims, and arbitration has been invoked, the claim is not treated as admitted or definite. The petition was therefore not maintainable on merits and was rejected. Case-Laws Companies Law Fri, 17 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104604