https://www.taxtmi.com/caselaws?id=103627 The court ruled in favor of the claimant in a dispute over balance kuri instalments with interest. It held that the respondent was not discharged from the entire amount due by a deposit made, considering the impact of winding up proceedings on liability. The court emphasized that interest can only be claimed until the date of the winding up petition and rejected the respondent's argument of set off against the company under liquidation. Ultimately, a decree was passed in favor of the claimant for Rs. 1,361 with interest at 12% per annum, clarifying the limitations on claiming interest post-commencement of winding up. en-us Thu, 26 Mar 1998 00:00:00 +0530 Fri, 24 Feb 2012 10:46:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103627 The court ruled in favor of the claimant in a dispute over balance kuri instalments with interest. It held that the respondent was not discharged from the entire amount due by a deposit made, considering the impact of winding up proceedings on liability. The court emphasized that interest can only be claimed until the date of the winding up petition and rejected the respondent's argument of set off against the company under liquidation. Ultimately, a decree was passed in favor of the claimant for Rs. 1,361 with interest at 12% per annum, clarifying the limitations on claiming interest post-commencement of winding up. Case-Laws Companies Law Thu, 26 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103627