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If debt is subject to a bona fide dispute, the Court will not order for winding up
Case Law Details
- Case Name
- GHCL Ltd. Vs Thomas Ernest Dixon (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
GHCL Ltd.
Versus
Thomas Ernest Dixon
O.J. Appeal No. 60 of 2009
Co. Petition No. 20 of 2009
September 26, 2012
JUDGMENT
N.V. Anjaria, J.
The original petitioner-opponent herein Vanguard Textiles Ltd. (VTL) approached learned Company Judge by filling a petition under section 433 read with section 434 of the Indian Companies Act, 1956, praying for winding up of the appellant company. It is the case of original petitioner that the appellant is indebted in respect of the dues payable towards price of goods supplied to one Rosebys Operations Limited, a foreign subsidiary co...
