https://www.taxtmi.com/caselaws?id=108626 A bona fide dispute over entitlement to interest on amounts paid towards share allotment cannot be decided in a winding up proceeding where liability depends on the parties' intention and other evidentiary matters. The respondent disputed the interest claim, and the effect of the receipt of the payment could not be determined without evidence. Because the dispute was debatable and required factual adjudication, the winding up court was not the proper forum to decide it, and the dismissal of the petition was upheld. en-us Mon, 09 Dec 2002 00:00:00 +0530 Tue, 03 Apr 2012 10:41:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108626 A bona fide dispute over entitlement to interest on amounts paid towards share allotment cannot be decided in a winding up proceeding where liability depends on the parties' intention and other evidentiary matters. The respondent disputed the interest claim, and the effect of the receipt of the payment could not be determined without evidence. Because the dispute was debatable and required factual adjudication, the winding up court was not the proper forum to decide it, and the dismissal of the petition was upheld. Case-Laws Companies Law Mon, 09 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108626