https://www.taxtmi.com/caselaws?id=754169 Delhi HC dismissed winding up petition as withdrawn where parties disputed existence of payable debt. Court held that company courts cannot adjudicate disputed facts requiring factual findings on liability, which should be subject matter of commercial suit. Petitioner granted liberty to institute proceedings before appropriate commercial court for adjudication of claims and may seek condonation of delay for time spent during winding up proceedings. Court followed precedent that civil courts should determine disputed debts rather than company courts in winding up matters. en-us Tue, 07 May 2024 00:00:00 +0530 Tue, 18 Jun 2024 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754169 Delhi HC dismissed winding up petition as withdrawn where parties disputed existence of payable debt. Court held that company courts cannot adjudicate disputed facts requiring factual findings on liability, which should be subject matter of commercial suit. Petitioner granted liberty to institute proceedings before appropriate commercial court for adjudication of claims and may seek condonation of delay for time spent during winding up proceedings. Court followed precedent that civil courts should determine disputed debts rather than company courts in winding up matters. Case-Laws Companies Law Tue, 07 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754169