https://www.taxtmi.com/caselaws?id=196683 Where a bona fide dispute exists over the interpretation and application of a licence agreement clause providing liability for the balance of a lock in period, a winding up petition under Sections 433/434 is not maintainable; the court applied the principle that competing reasonable interpretations of clause 7 create a substantive contractual dispute over meaning and quantum, and such disputes must be resolved by civil proceedings rather than by using the statutory winding up remedy, resulting in dismissal of the petition and setting aside of the payment direction. en-us Wed, 01 Jul 2009 00:00:00 +0530 Tue, 12 Dec 2017 10:50:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196683 Where a bona fide dispute exists over the interpretation and application of a licence agreement clause providing liability for the balance of a lock in period, a winding up petition under Sections 433/434 is not maintainable; the court applied the principle that competing reasonable interpretations of clause 7 create a substantive contractual dispute over meaning and quantum, and such disputes must be resolved by civil proceedings rather than by using the statutory winding up remedy, resulting in dismissal of the petition and setting aside of the payment direction. Case-Laws Companies Law Wed, 01 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196683