https://www.taxtmi.com/caselaws?id=366787 The court admitted the winding-up petition under Sections 433(e), 434, and 439 of the Companies Act, 1956, appointing the Official Liquidator as the Provisional Liquidator. The respondent company was directed to pay outstanding dues amounting to Rs. 39,86,897.33 within six weeks to avoid winding up. The court found the respondent's defense lacking bona fides and noted the absence of genuine disputes during the delivery period, emphasizing the importance of genuine disputes before allowing winding-up petitions. If the outstanding amount was paid within the specified period, the order would stand revoked, with the next hearing scheduled for 12.11.2018. en-us Wed, 05 Sep 2018 00:00:00 +0530 Tue, 11 Sep 2018 08:11:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366787 The court admitted the winding-up petition under Sections 433(e), 434, and 439 of the Companies Act, 1956, appointing the Official Liquidator as the Provisional Liquidator. The respondent company was directed to pay outstanding dues amounting to Rs. 39,86,897.33 within six weeks to avoid winding up. The court found the respondent's defense lacking bona fides and noted the absence of genuine disputes during the delivery period, emphasizing the importance of genuine disputes before allowing winding-up petitions. If the outstanding amount was paid within the specified period, the order would stand revoked, with the next hearing scheduled for 12.11.2018. Case-Laws Companies Law Wed, 05 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366787