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Companies Law - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Joint venture - Concept of bona fide dispute - Winding up ...


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

January 3, 2013

Case Laws     Companies Law     HC

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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