https://www.taxtmi.com/caselaws?id=214152 The court dismissed the winding-up petition as there was no contract between the petitioner and the respondent, leading to a lack of debtor-creditor relationship. The court emphasized that the petitioner could not enforce dues of a third party on the respondent, highlighting a bona fide dispute regarding the debt. The respondent's defense was deemed substantial, and the court ruled in line with the principle that winding-up should not be used to enforce payment of disputed debts. en-us Fri, 12 Aug 2011 00:00:00 +0530 Tue, 05 Jun 2012 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214152 The court dismissed the winding-up petition as there was no contract between the petitioner and the respondent, leading to a lack of debtor-creditor relationship. The court emphasized that the petitioner could not enforce dues of a third party on the respondent, highlighting a bona fide dispute regarding the debt. The respondent's defense was deemed substantial, and the court ruled in line with the principle that winding-up should not be used to enforce payment of disputed debts. Case-Laws Companies Law Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214152