https://www.taxtmi.com/caselaws?id=326320 The court dismissed the winding-up petition, ruling in favor of the respondent company. The court found the defense raised by the respondent to be bona fide and that the liability was genuinely disputed. It was determined that Section 434 of the Companies Act, 1956, did not apply in this case. The court advised the petitioner to pursue their claims through the civil suit already filed by the respondent and directed the trial court to adjudicate the matter based on the evidence presented by both parties. en-us Fri, 18 Mar 2016 00:00:00 +0530 Wed, 13 Apr 2016 09:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326320 The court dismissed the winding-up petition, ruling in favor of the respondent company. The court found the defense raised by the respondent to be bona fide and that the liability was genuinely disputed. It was determined that Section 434 of the Companies Act, 1956, did not apply in this case. The court advised the petitioner to pursue their claims through the civil suit already filed by the respondent and directed the trial court to adjudicate the matter based on the evidence presented by both parties. Case-Laws Companies Law Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326320