https://www.taxtmi.com/caselaws?id=113915 The court dismissed the winding up petition citing that the pending appeal against the decree barred the petition, the petitioner did not comply with rule 95 and section 434(1)(c), and the respondent's defense was bona fide and substantial. The court emphasized that winding up should not be used to enforce a disputed debt, especially when the company is financially stable and contributes significantly to the economy. en-us Thu, 03 Sep 2009 00:00:00 +0530 Sat, 01 Nov 2014 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113915 The court dismissed the winding up petition citing that the pending appeal against the decree barred the petition, the petitioner did not comply with rule 95 and section 434(1)(c), and the respondent's defense was bona fide and substantial. The court emphasized that winding up should not be used to enforce a disputed debt, especially when the company is financially stable and contributes significantly to the economy. Case-Laws Companies Law Thu, 03 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113915