Recovery of monies due to the corporate debtor under liquidation ...
Court Orders Payment to Liquidating Corporate Debtor: 6 Weeks Deadline, 12% Interest If Delayed.
April 18, 2020
Case Laws Insolvency and Bankruptcy Tri
Recovery of monies due to the corporate debtor under liquidation - Respondent is directed to make the payment of the said amount o within six weeks from the date of the pronouncement of this order, failing which 12% interest per annum shall be charged from the Respondent on delayed payments till the realization of the whole of amount.
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