TMI Blog2019 (1) TMI 628X X X X Extracts X X X X X X X X Extracts X X X X ..... lready dismissed the Company Appeal No. 30/2018 in the case of ICRI Research Pvt. Ltd. Versus Bon Lon Securities Ltd. [2019 (1) TMI 520 - DELHI HIGH COURT] recording our reasons for rejecting the arguments and contentions raised by the Appellant. The said reasons need not be reiterated in the present petition and it would suffice by observing that the reasons in the said appeal are also applicable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it Promoters Pvt. Ltd (Respondent herein), the Appellant is the same i.e. ICRI Research Pvt. Ltd. 4. The facts of the present case are quite similar to Company Petition No. 861/2015. In this case, the Respondent provided an Inter-Corporate Deposit of ₹ 75 lacs to the Appellant and the same was repayable subject to payment of interest at the rate of 18% per annum within a period of 90 days ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ied vide communication dated 4th March, 2013 enclosing therewith the confirmation of the debit balance as reflected in the books of accounts of the Appellant for the financial years 2009-10, 2010-11, 2011-12 and 2012-13. The ledger account indicated the balance due and payable by the Appellant to the Respondent as ₹ 63,43,965/- as on 31st March, 2013. This debit balance confirmation was f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ppeal challenging the impugned order are identical to those raised in Company Appeal No. 30/2018. In this case as well, the Appellant inter-alia denies the issuance of the communication dated 4th March, 2013 and argues that the Company Petition is not maintainable on the ground that the amount alleged to be due from the Appellant is barred by limitation. 6. We have already dismissed the Company ..... X X X X Extracts X X X X X X X X Extracts X X X X
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