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If debt itself is disputed than winding petition deserve to be dismissed
Case Law Details
- Case Name
- Asim Pharmachem Industries Vs Nilsin Ultrachem Ltd. (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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HIGH COURT OF GUJARAT
Asim Pharmachem Industries
Versus
Nilsin Ultrachem Ltd.
Co. Petition Nos. 14 & 15 of 2006
August 6, 2012
JUDGMENT
1. Both these petitions are against the same company and as identical issues arise in these petitions, the same are disposed of by this common judgment.
2. Both these petitions have been filed by the petitioners for an appropriate order of winding up of the respondent-Company, Nilsin Ultrachem Limited, under the provisions of the Companies Act, 1956 (the Act).
3. It is the case of the petitioner in Company Petition No. 14 of 2006 that because of some busin...
Gr8, bt still not clear whether a company can raise disputes for bonafide debts, after a winding up petition has been filed.
Can a company raise dispute for bonafide debts, after a winding up petition has been filed.