https://www.taxtmi.com/caselaws?id=104564 The court ruled in favor of the petitioner-company in a case involving a recovery claim of Rs. 19,500 from the respondent-company. The court held that the petition was filed within the prescribed period of limitation, allowing the company to claim the amount. Despite the respondent's objections and lack of substantial evidence to refute the claim, the court ordered the respondent to pay the claimed amount with interest at the rate of 18 per cent per annum. The judgment emphasized the significance of accurate record-keeping, burden of proof, and compliance with statutory limitations in company-related disputes. en-us Fri, 06 Feb 1998 00:00:00 +0530 Wed, 29 Feb 2012 15:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104564 The court ruled in favor of the petitioner-company in a case involving a recovery claim of Rs. 19,500 from the respondent-company. The court held that the petition was filed within the prescribed period of limitation, allowing the company to claim the amount. Despite the respondent's objections and lack of substantial evidence to refute the claim, the court ordered the respondent to pay the claimed amount with interest at the rate of 18 per cent per annum. The judgment emphasized the significance of accurate record-keeping, burden of proof, and compliance with statutory limitations in company-related disputes. Case-Laws Companies Law Fri, 06 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104564