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2024 (1) TMI 375 - MADRAS HIGH COURTSeeking sufficient time for payment of amount demanded by the respondent towards interest - provision of 2 days time for payment of demand - HELD THAT:- It appears that the petitioner was not in a position to pay the demanded amount, since all of a sudden, the respondent had issued a notice demanding the interest of a sum of Rs. 2,80,247/-. Further, it appears that only a sum of Rs. 26,667/- was paid by the petitioner till date. This Court feels that the time period of 2 days is not sufficient to make the payment of demanded amount by the petitioner. Hence, this Court is inclined to grant a period of 3 months time to the petitioner for payment of balance amount demanded by the respondent towards interest in instalments prescribed. Petition disposed off.
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