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1 - 4 of 4 (0.49 seconds)The Companies Act, 1956
Madhusudan Gordhandas & Co vs Madhu Woollen Industries Pvt. Ltd on 29 October, 1971
The Rules as regards the disposal of winding up petition based on
disputed claims are thus stated by this Court in Madhusudan Gordhandas
& Co. vs. Madhu Woollen Industries Pvt. Ltd. (1972) 42 Com Cases 125
: AIR 1971 SC 2600. This Court has held that if the debt is bona fide
disputed and the defence is a substantial one, the Court will not wind up the
company. The principles on which the Court acts are:
Section 434 in The Companies Act, 1956 [Entire Act]
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