Bombay High Court Dismisses Winding Up Petition by Association Against Member Company for Unpaid Guarantee Amounts. Association's claim for winding up under Sections 433 and 434 of Companies Act, 1956 fails as debt is disputed in good faith and substantial dispute exists.
7 Apr 2005The petitioner, Travel Agents Federation of India, an association of travel agents, filed a winding up petition under Sections 433 and 434 of the Comp...




