https://www.taxtmi.com/highlights?id=41094 Winding up of respondent company under Section 433 (e) on the ground of inability to pay the debt - proof of bonafide debt - It is settled position in law that winding up proceeding cannot be used as a tool to recover the bona-fidely disputed debts as a substitute for recovery suit. en-us Wed, 29 Aug 2018 06:35:20 +0530 Wed, 29 Aug 2018 06:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=41094 Winding up of respondent company under Section 433 (e) on the ground of inability to pay the debt - proof of bonafide debt - It is settled position in law that winding up proceeding cannot be used as a tool to recover the bona-fidely disputed debts as a substitute for recovery suit. Highlights Companies Law Wed, 29 Aug 2018 06:35:20 +0530 https://www.taxtmi.com/highlights?id=41094