https://www.taxtmi.com/caselaws?id=195443 The court dismissed the company petition, ruling in favor of the respondent due to the substantial and genuine dispute raised as a bonafide defense. The respondent's argument regarding non-performance of machinery and resulting project failure was considered valid, preventing the winding up of the company based on the debt claim under the letter of guarantee. en-us Mon, 07 Dec 2015 00:00:00 +0530 Tue, 31 Oct 2017 10:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195443 The court dismissed the company petition, ruling in favor of the respondent due to the substantial and genuine dispute raised as a bonafide defense. The respondent's argument regarding non-performance of machinery and resulting project failure was considered valid, preventing the winding up of the company based on the debt claim under the letter of guarantee. Case-Laws Companies Law Mon, 07 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195443