https://www.taxtmi.com/caselaws?id=96541 A winding-up dispute turned on whether the creditor's debt had been discharged by alleged payment or adjustment, whether a later settlement bound the liquidator, whether interest continued after the winding-up order, and whether trade goods supplied during the petition remained recoverable. The alleged discharge was rejected because the account entries were inconsistent and did not prove actual payment or novation. The 10 December 1926 settlement was upheld as a binding adjustment. Post-winding-up interest was allowed because the estate had surplus assets after principal and pre-liquidation interest. The claim for goods supplied in the ordinary course of trade was enforceable, subject to the Court's adjustments. en-us Wed, 03 Sep 1930 00:00:00 +0530 Mon, 09 Jan 2012 11:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96541 A winding-up dispute turned on whether the creditor's debt had been discharged by alleged payment or adjustment, whether a later settlement bound the liquidator, whether interest continued after the winding-up order, and whether trade goods supplied during the petition remained recoverable. The alleged discharge was rejected because the account entries were inconsistent and did not prove actual payment or novation. The 10 December 1926 settlement was upheld as a binding adjustment. Post-winding-up interest was allowed because the estate had surplus assets after principal and pre-liquidation interest. The claim for goods supplied in the ordinary course of trade was enforceable, subject to the Court's adjustments. Case-Laws Companies Law Wed, 03 Sep 1930 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96541