https://www.taxtmi.com/caselaws?id=239064 The court dismissed the company petition for winding up the respondent company, finding that the defense set up by the respondent was genuine and substantial. The court held that the payment in question was related to an existing agreement and not a separate transaction, directing the petitioner to pursue the claim through a civil suit. The company petition was dismissed, allowing the petitioners to seek recovery through other appropriate legal proceedings, with each party bearing their own costs. en-us Fri, 28 Jun 2013 00:00:00 +0530 Tue, 05 Nov 2013 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239064 The court dismissed the company petition for winding up the respondent company, finding that the defense set up by the respondent was genuine and substantial. The court held that the payment in question was related to an existing agreement and not a separate transaction, directing the petitioner to pursue the claim through a civil suit. The company petition was dismissed, allowing the petitioners to seek recovery through other appropriate legal proceedings, with each party bearing their own costs. Case-Laws Companies Law Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239064