https://www.taxtmi.com/caselaws?id=345767 Delayed objections to alleged defects in goods do not negate an admitted debt where the goods were installed and commissioned to the buyer's satisfaction, the installation reports recorded approval, the C-Form acknowledged receipt of invoices and goods, and an email admitted the outstanding balance. On the stated facts, the defence was not a bona fide dispute because the complaint about possible weakness in the plastic mesh was raised only after a long delay and was addressed by the supplier. The cited approach under Sections 41 and 42 of the Sale of Goods Act, 1930 treats retention of goods without timely rejection as acceptance, so a mere belated technical objection and a plea of solvency do not defeat admission of the winding up petition. en-us Mon, 24 Jul 2017 00:00:00 +0530 Thu, 27 Jul 2017 20:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345767 Delayed objections to alleged defects in goods do not negate an admitted debt where the goods were installed and commissioned to the buyer's satisfaction, the installation reports recorded approval, the C-Form acknowledged receipt of invoices and goods, and an email admitted the outstanding balance. On the stated facts, the defence was not a bona fide dispute because the complaint about possible weakness in the plastic mesh was raised only after a long delay and was addressed by the supplier. The cited approach under Sections 41 and 42 of the Sale of Goods Act, 1930 treats retention of goods without timely rejection as acceptance, so a mere belated technical objection and a plea of solvency do not defeat admission of the winding up petition. Case-Laws Companies Law Mon, 24 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345767