https://www.taxtmi.com/caselaws?id=200595 The court concluded that the debts claimed by the petitioner bank were bona fide disputed, with substantial defenses raised by the non-petitioner company. As the company was a running concern and secured creditors did not oppose the winding up petition, and considering the pending suits and efforts to liquidate the debt, the court found no merit in the petition and dismissed it with no order as to costs. Consequently, Company Petition No. 27 of 1987 and other related applications were also dismissed. en-us Fri, 23 Sep 1988 00:00:00 +0530 Fri, 06 Apr 2018 16:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200595 The court concluded that the debts claimed by the petitioner bank were bona fide disputed, with substantial defenses raised by the non-petitioner company. As the company was a running concern and secured creditors did not oppose the winding up petition, and considering the pending suits and efforts to liquidate the debt, the court found no merit in the petition and dismissed it with no order as to costs. Consequently, Company Petition No. 27 of 1987 and other related applications were also dismissed. Case-Laws Indian Laws Fri, 23 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200595