https://www.taxtmi.com/caselaws?id=108588 Winding-up proceedings are not a substitute for ordinary civil recovery, and a petition should not proceed where the company shows a bona fide and substantial dispute as to liability. Failure to reply to a statutory notice may create an initial presumption of indebtedness and support admission, but that presumption is displaced by a genuine dispute. The disputed authorisation of advertisements was treated as a real factual controversy, supported by prior correspondence, and controverted questions of fact are not to be finally decided in summary proceedings. The petition was therefore not fit to proceed on the merits. en-us Wed, 20 Nov 2002 00:00:00 +0530 Mon, 02 Apr 2012 18:03:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108588 Winding-up proceedings are not a substitute for ordinary civil recovery, and a petition should not proceed where the company shows a bona fide and substantial dispute as to liability. Failure to reply to a statutory notice may create an initial presumption of indebtedness and support admission, but that presumption is displaced by a genuine dispute. The disputed authorisation of advertisements was treated as a real factual controversy, supported by prior correspondence, and controverted questions of fact are not to be finally decided in summary proceedings. The petition was therefore not fit to proceed on the merits. Case-Laws Companies Law Wed, 20 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108588