https://www.taxtmi.com/caselaws?id=331535 The Court dismissed the Company Petition against the Respondent Company for non-payment of debts, citing the Respondent's defense on limitation and disputed debt. The Court found the debt genuinely disputed due to defects in supplied machines and financial losses suffered by the Respondent. Consequently, the Petitioner was allowed to seek recovery through civil court proceedings, with the time spent on the Company Petition excluded from the limitation period. en-us Wed, 20 Jul 2016 00:00:00 +0530 Fri, 26 Aug 2016 13:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331535 The Court dismissed the Company Petition against the Respondent Company for non-payment of debts, citing the Respondent's defense on limitation and disputed debt. The Court found the debt genuinely disputed due to defects in supplied machines and financial losses suffered by the Respondent. Consequently, the Petitioner was allowed to seek recovery through civil court proceedings, with the time spent on the Company Petition excluded from the limitation period. Case-Laws Companies Law Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331535