https://www.taxtmi.com/caselaws?id=109687 The appellate court set aside the Company Judge's decision to admit the winding-up petition, ruling in favor of the company. The court found that the company had raised a bona fide dispute regarding the debt owed, specifically concerning the alleged supply of adulterated products and overpayment claims. The court criticized the Company Judge for applying incorrect tests and overlooking crucial evidence. The appeal was allowed, directing the creditor to seek remedies in a civil court and ordering the release of the company's bank guarantee. en-us Wed, 10 Apr 2002 00:00:00 +0530 Wed, 11 Apr 2012 13:29:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109687 The appellate court set aside the Company Judge's decision to admit the winding-up petition, ruling in favor of the company. The court found that the company had raised a bona fide dispute regarding the debt owed, specifically concerning the alleged supply of adulterated products and overpayment claims. The court criticized the Company Judge for applying incorrect tests and overlooking crucial evidence. The appeal was allowed, directing the creditor to seek remedies in a civil court and ordering the release of the company's bank guarantee. Case-Laws Companies Law Wed, 10 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109687