https://www.taxtmi.com/caselaws?id=113962 The winding-up petition was found not maintainable as the petitioner had initiated arbitration proceedings, indicating a genuine dispute over the debt. The court emphasized the need for the debt to be determined and recognized the respondent's substantial and bona fide defense. Referring to legal precedents, the court held that since arbitration had commenced, the winding-up petition could not proceed. The court dismissed the winding-up petition and related application, highlighting that arbitration was the appropriate forum for resolving the dispute. en-us Thu, 08 Oct 2009 00:00:00 +0530 Thu, 30 Oct 2014 19:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113962 The winding-up petition was found not maintainable as the petitioner had initiated arbitration proceedings, indicating a genuine dispute over the debt. The court emphasized the need for the debt to be determined and recognized the respondent's substantial and bona fide defense. Referring to legal precedents, the court held that since arbitration had commenced, the winding-up petition could not proceed. The court dismissed the winding-up petition and related application, highlighting that arbitration was the appropriate forum for resolving the dispute. Case-Laws Companies Law Thu, 08 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113962