https://www.taxtmi.com/caselaws?id=198413 A winding up petition cannot be maintained on the basis of an unadjudicated claim for compensation that is bona fide disputed and therefore not a debt due. Supreme Court interim and final orders in separate liquor-control proceedings did not create an enforceable liability against a company that was not a party to those proceedings. The claim was also treated as time-barred on the petitioner's own version, and that further undermined enforceability. Winding up on the just and equitable ground was unavailable because no factual foundation was pleaded and the company was shown to be solvent, commercially viable, and profitable. en-us Mon, 17 Oct 2005 00:00:00 +0530 Tue, 30 Jan 2018 18:39:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198413 A winding up petition cannot be maintained on the basis of an unadjudicated claim for compensation that is bona fide disputed and therefore not a debt due. Supreme Court interim and final orders in separate liquor-control proceedings did not create an enforceable liability against a company that was not a party to those proceedings. The claim was also treated as time-barred on the petitioner's own version, and that further undermined enforceability. Winding up on the just and equitable ground was unavailable because no factual foundation was pleaded and the company was shown to be solvent, commercially viable, and profitable. Case-Laws Indian Laws Mon, 17 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198413