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Companies Law - Highlights / Catch Notes

Home Highlights April 2013 Year 2013 This

Winding up petition – Inability to pay debt - One of the ...


Court May Require Deposit to Test Genuine Payment Dispute in Winding Up Petition Cases.

April 2, 2013

Case Laws     Companies Law     HC

Winding up petition – Inability to pay debt - One of the tests to determine whether the dispute is genuine, and real and is raised bona fide and whether the refusal to pay is for genuine reason and dispute or to hide inability to pay, is to direct the respondent to pay-deposit the amount. - HC

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