Home Case Index All Cases Companies Law Companies Law + HC Companies Law - 2011 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (6) TMI 605 - HC - Companies LawWinding up - creditor - claim is on account of unpaid price of coal sold and delivered by him to the company – Held that:- notice was replied to by the company by its letter dated August 9, 2010. Without giving any details as to how the claim was paid, the reply to the statutory notice simply stated that the company maintained statements of accounts between the parties and that the petitioning creditor had been paid – Held that:- petitioning creditor will also be entitled to interest on the above sum from the date of the respective invoices at 8 per cent. per annum simple interest till the date of this order. The company will also be liable to pay interest at 10 per cent. per annum on the said sum of principal and interest adjudged up to the date of this order till payment, winding up application is disposed of
|