1989 (11) TMI 229 - HC - Companies Law

Summary

The High Court of Rajasthan dismissed a petition regarding non-payment of dues by Didwana Chemicals Ltd. The court found that a bona fide dispute existed over the quality of goods supplied, and ruled that winding-up proceedings were not a substitute for a recovery suit. The petition was dismissed. (Case citation: 1989 (11) TMI 229 - HIGH COURT OF RAJASTHAN)