https://www.taxtmi.com/caselaws?id=113606 The court dismissed the petition for winding up the respondent company due to insufficient evidence and a disputed debt, as the petitioner failed to provide concrete proof of outstanding dues despite a settlement deed. The court emphasized that a bona fide disputed debt with a substantial defense precludes a winding-up order, especially when the debt is contested. The respondent's denial of the alleged debts and lack of conclusive evidence led the court to conclude that the petition lacked merit, resulting in the dismissal of the winding-up petition. en-us Wed, 06 Jan 2010 00:00:00 +0530 Sat, 18 Oct 2014 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113606 The court dismissed the petition for winding up the respondent company due to insufficient evidence and a disputed debt, as the petitioner failed to provide concrete proof of outstanding dues despite a settlement deed. The court emphasized that a bona fide disputed debt with a substantial defense precludes a winding-up order, especially when the debt is contested. The respondent's denial of the alleged debts and lack of conclusive evidence led the court to conclude that the petition lacked merit, resulting in the dismissal of the winding-up petition. Case-Laws Companies Law Wed, 06 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113606