https://www.taxtmi.com/caselaws?id=464782 HC dismissed petition seeking winding up under ss. 433(e), 434 & 439 of the Companies Act 1956, holding that disputed questions of fact and plausible defenses preclude a winding-up order. On the pleadings and documents, the respondent's explanations were not shown to be improbable, moonshine or bogus; involvement of a third party in the transactions reinforced that the defenses were plausible. Because material factual disputes exist, the court declined to wind up the company and dismissed the petition. en-us Mon, 29 Jan 2018 00:00:00 +0530 Fri, 14 Nov 2025 20:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464782 HC dismissed petition seeking winding up under ss. 433(e), 434 & 439 of the Companies Act 1956, holding that disputed questions of fact and plausible defenses preclude a winding-up order. On the pleadings and documents, the respondent's explanations were not shown to be improbable, moonshine or bogus; involvement of a third party in the transactions reinforced that the defenses were plausible. Because material factual disputes exist, the court declined to wind up the company and dismissed the petition. Case-Laws Companies Law Mon, 29 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464782