https://www.taxtmi.com/caselaws?id=106859 A winding up petition under section 433 of the Companies Act, 1956 is not maintainable where the claim arises from a contractual dispute and the alleged liability, including interest, is bona fide contested. Payment of the principal amount during the proceedings weakened the debt claim, and the unresolved interest dispute did not convert the matter into an admitted debt or establish inability to pay debts. A company court cannot be used to decide ordinary contractual claims. The order declining winding up was therefore upheld. en-us Fri, 02 Nov 2001 00:00:00 +0530 Fri, 16 Mar 2012 10:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106859 A winding up petition under section 433 of the Companies Act, 1956 is not maintainable where the claim arises from a contractual dispute and the alleged liability, including interest, is bona fide contested. Payment of the principal amount during the proceedings weakened the debt claim, and the unresolved interest dispute did not convert the matter into an admitted debt or establish inability to pay debts. A company court cannot be used to decide ordinary contractual claims. The order declining winding up was therefore upheld. Case-Laws Companies Law Fri, 02 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106859