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1987 (11) TMI 307 - SC - Companies LawWhether the appeal lay to the Division Bench under section 483 of the Act which dealt with appeals from orders? Held that:- Uphold the direction of the Division Bench in so far as they computed the liability and direct the appellant to pay that sum to the respondent in settlement of the dues referred to hereinbefore. A sum of Rs. 1,36,038.06 was directed to be paid at the time of the admission of the appeal by the Division Bench of the High Court. If that money has been paid or realised by the respondent, the appellant would pay the balance amount of Rs. 6,81,299 67 and if the money is paid, the respondent will, by virtue of this order, be entitled to withdraw the same and give credit to the appellant for the same. The balance sum will be paid by March 15, 1988. In default of payment by that date, the amount will carry 18% interest.
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