https://www.taxtmi.com/caselaws?id=107937 A winding up petition may proceed where the debt is supported by invoices, confirmation of balance due, part-payment, and a dishonoured cheque, because these materials indicate admitted liability under section 434 of the Companies Act, 1956. A mere denial of liability or a vague challenge to the cheque does not amount to a bona fide dispute. The Court treated the defence as an afterthought and held that jurisdiction is not excluded simply because a document is disputed; the real question is whether the defence is genuine. On the facts, the debt was due and payable and the petitioner could rely on the admitted liability. en-us Thu, 19 Apr 2001 00:00:00 +0530 Tue, 27 Mar 2012 18:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107937 A winding up petition may proceed where the debt is supported by invoices, confirmation of balance due, part-payment, and a dishonoured cheque, because these materials indicate admitted liability under section 434 of the Companies Act, 1956. A mere denial of liability or a vague challenge to the cheque does not amount to a bona fide dispute. The Court treated the defence as an afterthought and held that jurisdiction is not excluded simply because a document is disputed; the real question is whether the defence is genuine. On the facts, the debt was due and payable and the petitioner could rely on the admitted liability. Case-Laws Companies Law Thu, 19 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107937