Winding up petition was to be dismissed due to pre-existence of disputes between parties

CL: Where petitioner company entered into consultancy agreement with respondent company for providing professional services for advising respondent-company regarding contracts of NTPC and in response to notice under section 434, respondent-company raised a bonafide dispute that petitioner company had failed to perform its duties in terms of said agreement, instant application for winding up of respondent company was to be dismissed

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