https://www.taxtmi.com/caselaws?id=341961 A winding-up petition is not maintainable where the alleged debt is expressly denied and the liability is raised as a bona fide dispute of fact. The company's reply specifically disputed the statutory notice, the existence of the alleged liability, the marketing budget claim, and the character of the payments made. Because the controversy required oral and documentary evidence and could not be resolved summarily, the court held that a company petition cannot replace a regular trial when the debt itself is genuinely contested. The petition was therefore dismissed. 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 A winding-up petition is not maintainable where the alleged debt is expressly denied and the liability is raised as a bona fide dispute of fact. The company's reply specifically disputed the statutory notice, the existence of the alleged liability, the marketing budget claim, and the character of the payments made. Because the controversy required oral and documentary evidence and could not be resolved summarily, the court held that a company petition cannot replace a regular trial when the debt itself is genuinely contested. The petition was therefore dismissed. Case-Laws Companies Law Mon, 13 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341961