https://www.taxtmi.com/caselaws?id=260444 The court found in favor of the petitioner company in a claim for outstanding payment for supplied goods. Despite the respondent company's allegation of substandard goods, the court deemed their defense belated and lacking credibility. Emphasizing the importance of genuine disputes in debt payment matters, the court ordered the respondent company to pay the outstanding amount with interest within eight weeks. Failure to comply would result in a winding up order being enforced under section 433(e) of the Companies Act 1956. en-us Fri, 03 Apr 2015 00:00:00 +0530 Fri, 12 Jun 2015 06:00:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260444 The court found in favor of the petitioner company in a claim for outstanding payment for supplied goods. Despite the respondent company's allegation of substandard goods, the court deemed their defense belated and lacking credibility. Emphasizing the importance of genuine disputes in debt payment matters, the court ordered the respondent company to pay the outstanding amount with interest within eight weeks. Failure to comply would result in a winding up order being enforced under section 433(e) of the Companies Act 1956. Case-Laws Companies Law Fri, 03 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260444