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2013 (10) TMI 997 - CALCUTTA HIGH COURTWinding up petition - Inability to pay debts - Held that:- dispute, sought to be raised by the company, is sham and bogus and is only with an intent to avoid the company to be liable for being wound up and, therefore, this Court finds that the company has not made out any bona fide defence warranting the court to relegate the parties to regular civil proceedings - This Court, therefore, finds that the company has unreasonably and illegally withheld the legitimate dues of the petitioning creditor and has unable to pay its debt - Decided against petitioner.
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