https://www.taxtmi.com/caselaws?id=106787 The court dismissed the winding up petition filed by the petitioner against the respondent company for failure to pay a debt, amounting to Rs. 1,12,15,038. The court found that the respondent had genuine disputes regarding the debt, including issues with the quality of goods supplied and billing errors. The respondent demonstrated willingness to pay the admitted amount and proposed a payment plan, showing bona fides. The court held that using a winding up petition to enforce a disputed debt was an abuse of process and ordered the petitioner to pay costs of Rs. 10,000 to the respondent. en-us Fri, 31 Aug 2001 00:00:00 +0530 Thu, 15 Mar 2012 16:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106787 The court dismissed the winding up petition filed by the petitioner against the respondent company for failure to pay a debt, amounting to Rs. 1,12,15,038. The court found that the respondent had genuine disputes regarding the debt, including issues with the quality of goods supplied and billing errors. The respondent demonstrated willingness to pay the admitted amount and proposed a payment plan, showing bona fides. The court held that using a winding up petition to enforce a disputed debt was an abuse of process and ordered the petitioner to pay costs of Rs. 10,000 to the respondent. Case-Laws Companies Law Fri, 31 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106787