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2012 (5) TMI 773 - HC - Companies LawEntitlement to interest till the filing of the winding up petition - Held that:- Though the amount of ₹ 50 Lakhs was advanced by the appellant to the respondent company in the Year 1994 but the same was demanded from the respondent company only in the year 2002 and the winding up petition was filed only in the year 2006. Therefore we find ourselves unable to find the appellant entitled to any interest till the filing of the winding up petition. Rate of interest - Considering all the facts and circumstances of the case, we are of the opinion that direction for payment of interest at the rate of 6% per annum from the date of filing of the petition for winding up and till deposit of the principal amount of ₹ 50 lakhs by the respondent company in the Court would sub-serve the interest of justice and restitution.
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