1969 (9) TMI 76 - HC - Companies Law

Summary

The petition for winding up the respondent-company under section 433(e) of the Companies Act was dismissed by the High Court of Madras. The dispute was raised regarding the debt owed by the company, with evidence showing it was due to Sri C.R. Chandra, not the petitioner. The court found the dispute to be bona fide and not for adjudication, leading to the dismissal of the petition. (Case citation: 1969 (9) TMI 76 - HIGH COURT OF MADRAS)