https://www.taxtmi.com/caselaws?id=246862 The court dismissed the winding-up petition against the respondent company as there was a genuine dispute over the debt owed. The court found that the Memorandum of Understanding between the parties lacked clarity on the source of the gold used in manufacturing jewelry, leading to a disagreement. Without clear evidence, the court could not ascertain the bona fides of the respondent's denial of the debt. The court did not address the limitation objection raised by the respondent and granted the petitioner liberty to seek other legal remedies for recovering the alleged dues. en-us Wed, 12 Feb 2014 00:00:00 +0530 Thu, 24 Apr 2014 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246862 The court dismissed the winding-up petition against the respondent company as there was a genuine dispute over the debt owed. The court found that the Memorandum of Understanding between the parties lacked clarity on the source of the gold used in manufacturing jewelry, leading to a disagreement. Without clear evidence, the court could not ascertain the bona fides of the respondent's denial of the debt. The court did not address the limitation objection raised by the respondent and granted the petitioner liberty to seek other legal remedies for recovering the alleged dues. Case-Laws Companies Law Wed, 12 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246862