https://www.taxtmi.com/caselaws?id=465970 A winding up petition based on land sale transactions was found unsuitable where the alleged liability arose from running accounts and disputed agreements for sale. The claimed balance was inconsistent across the materials, the land descriptions in the ledger and petition did not match, and issues such as whether the cheques were only security cheques, whether statutory notice was received, and whether the property could be conveyed despite attachment under the Prevention of Money Laundering Act required evidence. The dispute was therefore one of contested fact, at most giving rise to a civil claim for damages for breach of contract, not a clear winding up debt or commercial insolvency. en-us Tue, 06 Feb 2018 00:00:00 +0530 Sat, 17 Jan 2026 13:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465970 A winding up petition based on land sale transactions was found unsuitable where the alleged liability arose from running accounts and disputed agreements for sale. The claimed balance was inconsistent across the materials, the land descriptions in the ledger and petition did not match, and issues such as whether the cheques were only security cheques, whether statutory notice was received, and whether the property could be conveyed despite attachment under the Prevention of Money Laundering Act required evidence. The dispute was therefore one of contested fact, at most giving rise to a civil claim for damages for breach of contract, not a clear winding up debt or commercial insolvency. Case-Laws Companies Law Tue, 06 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465970