https://www.taxtmi.com/caselaws?id=111219 The court concluded that the respondent's counter-claim, supported by an arbitration award, constituted a bona fide dispute. Consequently, the winding up petition was deemed misconceived and dismissed. The court emphasized that winding up proceedings should not be used as an alternative to debt realization when a bona fide dispute exists. No orders as to costs were made. en-us Tue, 31 Aug 2004 00:00:00 +0530 Sat, 21 Apr 2012 10:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111219 The court concluded that the respondent's counter-claim, supported by an arbitration award, constituted a bona fide dispute. Consequently, the winding up petition was deemed misconceived and dismissed. The court emphasized that winding up proceedings should not be used as an alternative to debt realization when a bona fide dispute exists. No orders as to costs were made. Case-Laws Companies Law Tue, 31 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111219