Bombay High Court Allows Appeal Against Winding Up Order in Loan Dispute — Company's Defence of Bona Fide Dispute and Secured Creditor Status Accepted. Court holds that a winding up petition is not maintainable when the debt is bona fide disputed and the creditor is a secured creditor with alternative remedies.
18 Feb 2013The case involves an appeal against an order admitting a winding up petition against M/s. Asian Power Controls Ltd. The respondent, Mrs. Bubbles Goyal...




