https://www.taxtmi.com/caselaws?id=794134 A winding up petition is not maintainable where the alleged debt is bona fide disputed on substantial grounds and liability turns on questions of fact. The company disputed the supply rate, claimed excess payment, and sought reconciliation of accounts, while the petitioner did not effectively rebut that defence by rejoinder. In those circumstances, the claim could not be treated as an admitted debt for winding up purposes, and the parties were left to pursue their rival claims before the proper forum for adjudication. en-us Mon, 22 Jun 2026 00:00:00 +0530 Wed, 01 Jul 2026 08:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794134 A winding up petition is not maintainable where the alleged debt is bona fide disputed on substantial grounds and liability turns on questions of fact. The company disputed the supply rate, claimed excess payment, and sought reconciliation of accounts, while the petitioner did not effectively rebut that defence by rejoinder. In those circumstances, the claim could not be treated as an admitted debt for winding up purposes, and the parties were left to pursue their rival claims before the proper forum for adjudication. Case-Laws Companies Law Mon, 22 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794134