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Companies Law - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Winding up - It is well settled that the proceedings of winding ...


Court Will Not Order Winding Up if Debt is Genuinely Disputed; Not Meant for Debt Recovery.

March 15, 2013

Case Laws     Companies Law     HC

Winding up - It is well settled that the proceedings of winding up is not a recovery proceeding. Once it is demonstrated that the debt is subject to a bona fide dispute, the Court will not order for winding up. - HC

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