https://www.taxtmi.com/caselaws?id=366786 The court admitted the winding up petition under Sections 433(e) and (f), 434(1)(a), and 439(1)(b) of the Companies Act, 1956 due to the respondent company's failure to pay outstanding dues of Rs. 5,71,640 for plywood and allied products. Despite the respondent's defenses regarding invoice validity and the nature of a post-dated cheque, the court found the petitioner's evidence compelling. The court emphasized the need for a bona fide dispute, determining that the respondent's defenses were not genuine. Consequently, the court appointed the Official Liquidator as the Provisional Liquidator and allowed a four-week suspension for settlement before further liquidation proceedings. en-us Mon, 27 Aug 2018 00:00:00 +0530 Tue, 11 Sep 2018 08:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366786 The court admitted the winding up petition under Sections 433(e) and (f), 434(1)(a), and 439(1)(b) of the Companies Act, 1956 due to the respondent company's failure to pay outstanding dues of Rs. 5,71,640 for plywood and allied products. Despite the respondent's defenses regarding invoice validity and the nature of a post-dated cheque, the court found the petitioner's evidence compelling. The court emphasized the need for a bona fide dispute, determining that the respondent's defenses were not genuine. Consequently, the court appointed the Official Liquidator as the Provisional Liquidator and allowed a four-week suspension for settlement before further liquidation proceedings. Case-Laws Companies Law Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366786