https://www.taxtmi.com/caselaws?id=101534 The Supreme Court upheld the appeal's maintainability under Section 483 of the Companies Act, 1956, allowing appeals from orders under Sections 397 and 398. The court affirmed the Division Bench's computation of liabilities based on the compromise agreement and balance-sheet as of December 31, 1973. The appellant was directed to pay the remaining liability of Rs. 6,81,299.67 by March 15, 1988, with 18% interest in case of default. The appeal was disposed of, and the respondent's cross-petition was also disposed of accordingly. en-us Fri, 13 Nov 1987 00:00:00 +0530 Sat, 07 Jun 2014 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101534 The Supreme Court upheld the appeal's maintainability under Section 483 of the Companies Act, 1956, allowing appeals from orders under Sections 397 and 398. The court affirmed the Division Bench's computation of liabilities based on the compromise agreement and balance-sheet as of December 31, 1973. The appellant was directed to pay the remaining liability of Rs. 6,81,299.67 by March 15, 1988, with 18% interest in case of default. The appeal was disposed of, and the respondent's cross-petition was also disposed of accordingly. Case-Laws Companies Law Fri, 13 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101534