https://www.taxtmi.com/caselaws?id=458381 The HC dismissed the winding-up petition, determining the alleged debt was a bona fide disputed debt rather than an admitted one. The petitioner failed to prove entitlement to fees under the agreement or that the respondent company received private equity finance as claimed. The court emphasized that winding-up proceedings should not enforce disputed debts, affirming the respondent company's solvency and status as a going concern. en-us Mon, 25 Feb 2013 00:00:00 +0530 Thu, 24 Oct 2024 16:31:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458381 The HC dismissed the winding-up petition, determining the alleged debt was a bona fide disputed debt rather than an admitted one. The petitioner failed to prove entitlement to fees under the agreement or that the respondent company received private equity finance as claimed. The court emphasized that winding-up proceedings should not enforce disputed debts, affirming the respondent company's solvency and status as a going concern. Case-Laws Companies Law Mon, 25 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458381