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2019 (1) TMI 1317 - HC - Companies LawWinding up petition - existence of disputed debt - Held that:- In this case there exists no substantial dispute about existence of debt and liability. In a case of this nature, where debt is not disputed, the Court shall pass a winding-up order. Even if exact amount of debt is disputed, a winding-up order needs to be passed. Where there exists no dispute that the respondent-company has passed the creditor a debt which entitle him for a winding-up order, appropriate order can be passed. The respondent-company after having issued the confirmation slip and filling up the statutory forms, cannot take a defence that the amount is disputed. Hence, this Court is unable to hold that defence of respondent-company is in good faith. Therefore order that the respondent-company be wound up.
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