https://www.taxtmi.com/caselaws?id=382368 The court dismissed the appeal in a winding-up petition case due to the lack of clear evidence of an ascertained and liquidated debt owed by the respondent to the appellant. The court emphasized the necessity of substantial grounds of defense in such petitions and highlighted the importance of demonstrating a bona fide defense. The judgment underscored the similarity in approach between summary suits and winding-up petitions, requiring the absence of a tenable defense for a favorable outcome. Ultimately, the appeal was dismissed without costs, affirming the decision of the Single Judge. en-us Mon, 01 Jul 2019 00:00:00 +0530 Tue, 02 Jul 2019 07:26:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382368 The court dismissed the appeal in a winding-up petition case due to the lack of clear evidence of an ascertained and liquidated debt owed by the respondent to the appellant. The court emphasized the necessity of substantial grounds of defense in such petitions and highlighted the importance of demonstrating a bona fide defense. The judgment underscored the similarity in approach between summary suits and winding-up petitions, requiring the absence of a tenable defense for a favorable outcome. Ultimately, the appeal was dismissed without costs, affirming the decision of the Single Judge. Case-Laws Indian Laws Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382368