https://www.taxtmi.com/caselaws?id=109026 A winding-up petition based on alleged rent and municipal surcharge was rejected because the company raised a bona fide and substantial dispute over both liability and quantification. The company court does not act as a debt-recovery forum and will not resolve contested claims in summary proceedings where entitlement, adjustment, and the impact of the special tenancy regime require fuller examination. The defence was found to be neither sham nor illusory, and the refusal to wind up the company was upheld as a proper exercise of discretion. en-us Mon, 11 Sep 2000 00:00:00 +0530 Thu, 05 Apr 2012 14:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109026 A winding-up petition based on alleged rent and municipal surcharge was rejected because the company raised a bona fide and substantial dispute over both liability and quantification. The company court does not act as a debt-recovery forum and will not resolve contested claims in summary proceedings where entitlement, adjustment, and the impact of the special tenancy regime require fuller examination. The defence was found to be neither sham nor illusory, and the refusal to wind up the company was upheld as a proper exercise of discretion. Case-Laws Companies Law Mon, 11 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109026