Winding up petition to be dismissed if Company disputes / denies liability of petitioner

HIGH COURT OF DELHI CBZ Chemicals Ltd. Versus Kee Pharma Ltd. CO. PETITION NO. 66 OF 2013 FEBRUARY  11, 2013 ORDER 1. The Petitioner, CBZ Chemicals Ltd., has filed this petition under Sections 433 and 434 of the Companies Act, 1956 (‘Act’) read with Section 439 thereof seeking the winding up of the Respondent, Kee Pharma Ltd. on the ground of its inability to pay its debts owing to the Petitioner. 2. The background to the petition is that, on 18th May 2009, an agreement was entered into between the parties for the sale of design for the process of manufacturing a ...