https://www.taxtmi.com/caselaws?id=99946 The court found in favor of the official liquidator in the case involving the recovery of principal and interest under the Companies Act, 1956. The respondents failed to prove the discharge of debt claimed, with inconsistencies in their evidence and lack of corroboration. The court rejected their plea of discharge, emphasizing the possession of the promissory note by the official liquidator as evidence of liability. Consequently, the court allowed the application, directing the respondents to jointly and severally pay the outstanding amount with costs and interest. en-us Fri, 20 Mar 1981 00:00:00 +0530 Mon, 30 Jan 2012 16:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99946 The court found in favor of the official liquidator in the case involving the recovery of principal and interest under the Companies Act, 1956. The respondents failed to prove the discharge of debt claimed, with inconsistencies in their evidence and lack of corroboration. The court rejected their plea of discharge, emphasizing the possession of the promissory note by the official liquidator as evidence of liability. Consequently, the court allowed the application, directing the respondents to jointly and severally pay the outstanding amount with costs and interest. Case-Laws Companies Law Fri, 20 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99946