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2019 (5) TMI 1078 - HC - Companies LawWinding up petition - principal sum was due - interest amounts to a crystalised sum of money which the company has been unable to pay - HELD THAT:- On query from Court petitioning creditor has not been able to show admission by the company of any settled sum on account of interest at agreed rate except that learned advocate appearing on its behalf before said co-ordinate Bench on 24th January, 2019 had said, entire amount of ₹ 18,16,927.63P shall be paid to petitioning creditor within 15th February, 2019. This, Court finds, is an admitted debt on interest. As such, the company is liable to be wound-up for not having paid it deeming it unable to pay. List under heading ‘For Orders’ on 2nd May, 2019.
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