https://www.taxtmi.com/caselaws?id=460021 The HC determined that the petitioner was entitled to the claimed amount of Rs. 79,65,229.81, including interest and service charges, based on the clear contractual terms. The court found no bona fide dispute regarding the alleged overcharging by the petitioner, as the Company's claims lacked evidence and were considered an afterthought. The court concluded that the petition for winding up the Company was justified due to its inability to pay its debts. However, the Company was allowed to settle the dues in installments to avoid immediate winding up. en-us Wed, 08 Feb 2012 00:00:00 +0530 Wed, 08 Jan 2025 15:47:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460021 The HC determined that the petitioner was entitled to the claimed amount of Rs. 79,65,229.81, including interest and service charges, based on the clear contractual terms. The court found no bona fide dispute regarding the alleged overcharging by the petitioner, as the Company's claims lacked evidence and were considered an afterthought. The court concluded that the petition for winding up the Company was justified due to its inability to pay its debts. However, the Company was allowed to settle the dues in installments to avoid immediate winding up. Case-Laws Companies Law Wed, 08 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460021