https://www.taxtmi.com/caselaws?id=112497 In a creditor's winding up petition, a company resisting the petition must show a bona fide and substantial dispute supported by prima facie material. A defence based on alleged inferior quality of goods and overpricing failed because the supporting letters and rejection records were not shown to have been dispatched or served, the objections appeared belated, and the company's own debit entries indicated substantial liability. On that material, the Court treated the dispute as not genuine or substantial and held that the petition could proceed. The petition was directed to be advertised, reflecting that a sufficient prima facie case existed for continuation of the winding up proceedings. en-us Wed, 29 Apr 2009 00:00:00 +0530 Fri, 20 Nov 2015 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112497 In a creditor's winding up petition, a company resisting the petition must show a bona fide and substantial dispute supported by prima facie material. A defence based on alleged inferior quality of goods and overpricing failed because the supporting letters and rejection records were not shown to have been dispatched or served, the objections appeared belated, and the company's own debit entries indicated substantial liability. On that material, the Court treated the dispute as not genuine or substantial and held that the petition could proceed. The petition was directed to be advertised, reflecting that a sufficient prima facie case existed for continuation of the winding up proceedings. Case-Laws Companies Law Wed, 29 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112497