https://www.taxtmi.com/caselaws?id=105236 The High Court dismissed the winding up petition, directing the creditor to pursue a civil suit to establish the claim for payment of goods supplied. The court considered the bona fide dispute over the debt, emphasizing the need to secure the claim and prove contentions in a civil suit. Specific instructions were provided regarding the deposit of the balance sum and the timeline for legal action, balancing the interests of both parties involved. en-us Tue, 03 Aug 1999 00:00:00 +0530 Sat, 03 Mar 2012 12:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105236 The High Court dismissed the winding up petition, directing the creditor to pursue a civil suit to establish the claim for payment of goods supplied. The court considered the bona fide dispute over the debt, emphasizing the need to secure the claim and prove contentions in a civil suit. Specific instructions were provided regarding the deposit of the balance sum and the timeline for legal action, balancing the interests of both parties involved. Case-Laws Companies Law Tue, 03 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105236