Bona fide disputed debt cannot be adjudicated in winding up proceedings

HIGH COURT OF BOMBAY Dr. Mangat Rai Goyal Versus Moraj Finanz (P.) Ltd. Appeal No. 347 of 2012 Co. Petition No. 290 of 2011 January 8, 2013 JUDGMENT M.S. Sanklecha, J. By this appeal, the appellant challenges the order dated 24.04.2012 of the Learned Single Judge dismissing the appellant’s petition for winding up of the respondent-company under the provision of Companies Act, 1956. 2. The appellant had by a notice dated 11.12.2010 under section 434 of the Companies Act, 1956 issued to the respondent-company calling upon the respondent-company to make a payment of Rs. 2 ...