Creditor Can't Initiate Winding Up Petition if Claim Becomes Secured, Even with Bona Fide Dispute Under Companies Law.

Joint venture - Concept of bona fide dispute - Winding up petition - Any unsecured claim as soon as it is secured, would debar a winding up proceeding being brought by the creditor, no matter whether the claim was bona fide or not. - HC .....

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