https://www.taxtmi.com/caselaws?id=105162 The court found the company's defense credible regarding the goods supplied and acknowledged the existence of a tripartite arrangement. The company made payments and secured the petitioner for the admitted amount, supported by a Madras High Court order. As a result, the court rejected the Company Petition, determining that the company had a bona fide defense against the winding-up petition. Each party was ordered to bear their own costs in light of the company's payments and security provided to the petitioner. en-us Mon, 22 Feb 1999 00:00:00 +0530 Fri, 02 Mar 2012 17:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105162 The court found the company's defense credible regarding the goods supplied and acknowledged the existence of a tripartite arrangement. The company made payments and secured the petitioner for the admitted amount, supported by a Madras High Court order. As a result, the court rejected the Company Petition, determining that the company had a bona fide defense against the winding-up petition. Each party was ordered to bear their own costs in light of the company's payments and security provided to the petitioner. Case-Laws Companies Law Mon, 22 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105162