https://www.taxtmi.com/caselaws?id=100947 An admitted principal debt may still support winding-up proceedings where the debtor's objections relate only to disputed interest and an unquantified counter-claim for damages. A bare assertion of damages, without an existing quantified claim, does not amount to a bona fide defence against the admitted liability. Disputes over interest and damages were treated as matters for the appropriate forum and did not justify resisting payment of the principal debt. Deposit of the admitted principal amount was treated as discharge to that extent, and a civil court injunction was regarded as unable to obstruct the High Court proceedings. The petition was closed, with withdrawal of the deposited amount permitted and the interest and damages issues left open. en-us Tue, 17 Apr 1984 00:00:00 +0530 Wed, 08 Feb 2012 10:34:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100947 An admitted principal debt may still support winding-up proceedings where the debtor's objections relate only to disputed interest and an unquantified counter-claim for damages. A bare assertion of damages, without an existing quantified claim, does not amount to a bona fide defence against the admitted liability. Disputes over interest and damages were treated as matters for the appropriate forum and did not justify resisting payment of the principal debt. Deposit of the admitted principal amount was treated as discharge to that extent, and a civil court injunction was regarded as unable to obstruct the High Court proceedings. The petition was closed, with withdrawal of the deposited amount permitted and the interest and damages issues left open. Case-Laws Companies Law Tue, 17 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100947