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17.Our High Court in para 11 of the judgment reported in (2008) 2 Comp LJ 209 Mad (Tata Iron and Steel Co. Ltd v. Omega Cables Ltd) observed that "in a company petition filed for winding up of a company, the petitioner has to first prove that the amount due is undisputed and admitted by the respondent company." The Division Bench of our High Court in the decision reported in Indian Kanoon-http://indiankanoon.org/doc/ 280659 (Sical SWT Distriparks Limited v. Besser Concrete Systems Limited) observed that when the respondent is able to show that there was a bonafide dispute with regard to liability in question, the winding up proceedings is not the proper remedy to resolve the dispute.