https://www.taxtmi.com/caselaws?id=106137 The court dismissed the winding-up petition against the respondent company, emphasizing the need for a bona fide defense and settlement of disputes before payment. The judgment underscored that winding up is not a tool to enforce disputed debts, requiring a genuine dispute and good faith defense. Factors such as the timing of dispute, likelihood of success in defense, and benefit to creditors were considered, leading to the decision in favor of the respondent's defense and against winding up proceedings based on outstanding debts. en-us Fri, 09 Oct 1998 00:00:00 +0530 Mon, 12 Mar 2012 17:33:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106137 The court dismissed the winding-up petition against the respondent company, emphasizing the need for a bona fide defense and settlement of disputes before payment. The judgment underscored that winding up is not a tool to enforce disputed debts, requiring a genuine dispute and good faith defense. Factors such as the timing of dispute, likelihood of success in defense, and benefit to creditors were considered, leading to the decision in favor of the respondent's defense and against winding up proceedings based on outstanding debts. Case-Laws Companies Law Fri, 09 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106137