CL: Where there was no bona fide dispute that debt due and payable by company was more than statutory amount of Rs. 1 lakh and in spite of statutory notice, company failed or neglected to pay same, winding up petition filed by creditor was deserved to be admitted

CL: Where there was no bona fide dispute that debt due and payable by company was more than statutory amount of Rs. 1 lakh and in spite of statutory notice, company failed or neglected to pay same, winding up
petition filed by creditor was deserved to be admitted

■■■

[2013] 36 taxmann.com 83 (Bombay)

HIGH COURT OF BOMBAY

Sojitz Corporation

v.

Teracom Ltd.