Bombay High Court Allows Appeal Against Admission of Winding Up Petition in Vandana Global Limited v. IL & FS Financial Services Limited — Disputed Debt and Bona Fide Defence. The court held that a winding up petition should not be admitted when the debt is bona fide disputed and the defence is substantial, requiring dismissal of the petition.
12 Mar 2018The appeal arose from an order dated 5 January 2018 passed by the learned Single Judge in Company Petition No.923 of 2015, whereby the petition filed ...




