https://www.taxtmi.com/caselaws?id=199946 A winding-up petition cannot be maintained on a genuinely disputed debt. The claimed interest was not admitted, the principal had already been paid, and there was no contractual stipulation for interest between the parties; the demand rested only on bills. On those facts, the alleged liability was not an undisputed or admitted debt capable of grounding winding-up jurisdiction, so the petition was dismissed. en-us Fri, 20 Jul 1984 00:00:00 +0530 Thu, 15 Mar 2018 17:20:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199946 A winding-up petition cannot be maintained on a genuinely disputed debt. The claimed interest was not admitted, the principal had already been paid, and there was no contractual stipulation for interest between the parties; the demand rested only on bills. On those facts, the alleged liability was not an undisputed or admitted debt capable of grounding winding-up jurisdiction, so the petition was dismissed. Case-Laws Companies Law Fri, 20 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199946