https://www.taxtmi.com/caselaws?id=195526 The winding up petition against the Respondent Company for unpaid consultancy fees was dismissed by the Court. The Court found that the dispute over the fees was a bonafide one, warranting resolution through arbitration as per the arbitration clause in the Agreement. The Company's contention of non-compliance by the Petitioner and the lack of acknowledgment of the disputed amount led to the dismissal of the petition. No costs were awarded, emphasizing the need for resolving genuine disputes through arbitration rather than winding up proceedings. en-us Wed, 17 Oct 2012 00:00:00 +0530 Thu, 02 Nov 2017 17:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195526 The winding up petition against the Respondent Company for unpaid consultancy fees was dismissed by the Court. The Court found that the dispute over the fees was a bonafide one, warranting resolution through arbitration as per the arbitration clause in the Agreement. The Company's contention of non-compliance by the Petitioner and the lack of acknowledgment of the disputed amount led to the dismissal of the petition. No costs were awarded, emphasizing the need for resolving genuine disputes through arbitration rather than winding up proceedings. Case-Laws Companies Law Wed, 17 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195526