https://www.taxtmi.com/caselaws?id=110284 The court dismissed the petition for winding up the respondent-company due to a bona fide dispute over the outstanding loan amount. The judge highlighted the partial repayment by the respondent-company and the settlement negotiations as indications of a genuine effort to resolve the debt matter. Consequently, the court concluded that the respondent-company's actions did not show an inability to pay its debts, leading to the rejection of the winding-up petition. en-us Fri, 03 Dec 2004 00:00:00 +0530 Mon, 23 Apr 2012 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110284 The court dismissed the petition for winding up the respondent-company due to a bona fide dispute over the outstanding loan amount. The judge highlighted the partial repayment by the respondent-company and the settlement negotiations as indications of a genuine effort to resolve the debt matter. Consequently, the court concluded that the respondent-company's actions did not show an inability to pay its debts, leading to the rejection of the winding-up petition. Case-Laws Companies Law Fri, 03 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110284