https://www.taxtmi.com/caselaws?id=460213 The court determined that the respondent company was liable for the outstanding amount claimed by the petitioner, as the respondent had acknowledged the debt and failed to provide evidence of payment or return of hired goods. The respondent's defense was deemed not genuine, lacking seriousness, and unsupported by evidence. Consequently, the court found the winding up proceedings appropriate due to the absence of a bona fide dispute. The court ordered the winding up of the respondent company and directed the Official Liquidator to take necessary actions. en-us Fri, 07 Dec 2012 00:00:00 +0530 Wed, 15 Jan 2025 18:13:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460213 The court determined that the respondent company was liable for the outstanding amount claimed by the petitioner, as the respondent had acknowledged the debt and failed to provide evidence of payment or return of hired goods. The respondent's defense was deemed not genuine, lacking seriousness, and unsupported by evidence. Consequently, the court found the winding up proceedings appropriate due to the absence of a bona fide dispute. The court ordered the winding up of the respondent company and directed the Official Liquidator to take necessary actions. Case-Laws Indian Laws Fri, 07 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460213