https://www.taxtmi.com/caselaws?id=194218 The court dismissed the petition for winding up filed by the petitioner company against the respondent company. The court found that the respondent had raised genuine disputes over the debt claimed, demonstrated financial solvency, and was willing to pay the admitted debt. It concluded that the petitioner had misused the legal process by using the winding up petition to coerce payment of a disputed debt. As a result, the petition was rejected, and costs of Rs. 10,000 were awarded to the respondent. en-us Fri, 31 Aug 2001 00:00:00 +0530 Fri, 01 Sep 2017 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194218 The court dismissed the petition for winding up filed by the petitioner company against the respondent company. The court found that the respondent had raised genuine disputes over the debt claimed, demonstrated financial solvency, and was willing to pay the admitted debt. It concluded that the petitioner had misused the legal process by using the winding up petition to coerce payment of a disputed debt. As a result, the petition was rejected, and costs of Rs. 10,000 were awarded to the respondent. Case-Laws Indian Laws Fri, 31 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194218