https://www.taxtmi.com/caselaws?id=101157 Where a winding-up petition remained pending but the company paid the undisputed principal debt while disputing interest, the court held that entitlement to interest should be determined to avoid multiplicity of litigation and that a reasonable contractual or market-linked rate may be awarded; invoices expressly providing for interest and trade usage supported liability. The court fixed interest at 12% per annum until payment and directed that failure to pay the interest within one month will lead to the winding-up petition being advertised and the petition proceeding accordingly. en-us Thu, 27 Sep 1984 00:00:00 +0530 Wed, 08 Feb 2012 17:41:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101157 Where a winding-up petition remained pending but the company paid the undisputed principal debt while disputing interest, the court held that entitlement to interest should be determined to avoid multiplicity of litigation and that a reasonable contractual or market-linked rate may be awarded; invoices expressly providing for interest and trade usage supported liability. The court fixed interest at 12% per annum until payment and directed that failure to pay the interest within one month will lead to the winding-up petition being advertised and the petition proceeding accordingly. Case-Laws Companies Law Thu, 27 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101157