https://www.taxtmi.com/caselaws?id=460111 The HC admitted the winding-up petition against the company for failing to pay its debts, amounting to Rs. 8,22,729.34 with interest. The court found the company's defense of defective goods to be sham and lacking credible evidence, as there were no prior demands for replacement. Additionally, the court determined that there was no suppression of material facts by the petitioning creditor. The company was ordered to make the payment within two weeks to prevent further proceedings. The decision reinforced the principle that mere allegations without evidence do not constitute a bona fide defense against a winding-up petition. en-us Wed, 26 Jun 2013 00:00:00 +0530 Sat, 11 Jan 2025 11:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460111 The HC admitted the winding-up petition against the company for failing to pay its debts, amounting to Rs. 8,22,729.34 with interest. The court found the company's defense of defective goods to be sham and lacking credible evidence, as there were no prior demands for replacement. Additionally, the court determined that there was no suppression of material facts by the petitioning creditor. The company was ordered to make the payment within two weeks to prevent further proceedings. The decision reinforced the principle that mere allegations without evidence do not constitute a bona fide defense against a winding-up petition. Case-Laws Indian Laws Wed, 26 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460111