https://www.taxtmi.com/caselaws?id=106444 The court dismissed the winding-up petition filed under sections 433(e) and 434(1)(a) of the Companies Act, 1956, seeking to wind up the respondent-company due to an alleged debt. The respondent-company successfully defended the petition by challenging the validity of the debt claim, highlighting mutual agreements and regular adjustments with the petitioner's sister concern. The court noted the need for corroborated evidence and rejected the petitioner's attempt to extract liability acknowledgment. Additionally, the court dismissed the petition citing the claim being barred by limitation and the respondent's bona fide defense against the allegations. en-us Fri, 16 Aug 2002 00:00:00 +0530 Wed, 14 Mar 2012 11:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106444 The court dismissed the winding-up petition filed under sections 433(e) and 434(1)(a) of the Companies Act, 1956, seeking to wind up the respondent-company due to an alleged debt. The respondent-company successfully defended the petition by challenging the validity of the debt claim, highlighting mutual agreements and regular adjustments with the petitioner's sister concern. The court noted the need for corroborated evidence and rejected the petitioner's attempt to extract liability acknowledgment. Additionally, the court dismissed the petition citing the claim being barred by limitation and the respondent's bona fide defense against the allegations. Case-Laws Companies Law Fri, 16 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106444