https://www.taxtmi.com/caselaws?id=341961 Winding up petitions under statutory insolvency provisions are unsuitable where the respondent has an absolute, bona fide dispute on existence or quantum of the debt; courts should refrain from using winding up as a substitute for contested factual inquiry. The correct legal principle requires resolution of contested issues of execution, admission, payment or settlement through oral and documentary evidence in a regular civil trial rather than by summary winding up relief. Consequently, a petition premised on an outright denial of liability is not maintainable and must be refused. en-us Mon, 13 Mar 2017 00:00:00 +0530 Fri, 21 Apr 2017 07:24:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341961 Winding up petitions under statutory insolvency provisions are unsuitable where the respondent has an absolute, bona fide dispute on existence or quantum of the debt; courts should refrain from using winding up as a substitute for contested factual inquiry. The correct legal principle requires resolution of contested issues of execution, admission, payment or settlement through oral and documentary evidence in a regular civil trial rather than by summary winding up relief. Consequently, a petition premised on an outright denial of liability is not maintainable and must be refused. Case-Laws Companies Law Mon, 13 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341961