https://www.taxtmi.com/caselaws?id=104976 In a winding-up related interlocutory matter, the Delhi High Court considered whether an earlier deposit direction should be adjusted in light of the parties' undertakings, the alleged value of equipment supplied, and complaints of defects. The Court balanced the respondent's liability to secure the amount received against the need for joint inspection of the equipment in the presence of the Delhi Jal Board and rectification of any defects. It accordingly moulded the prior direction by requiring a part deposit, security for the balance, and coordinated inspection and rectification arrangements, while keeping the matter pending until compliance. en-us Wed, 13 Oct 1999 00:00:00 +0530 Thu, 01 Mar 2012 18:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104976 In a winding-up related interlocutory matter, the Delhi High Court considered whether an earlier deposit direction should be adjusted in light of the parties' undertakings, the alleged value of equipment supplied, and complaints of defects. The Court balanced the respondent's liability to secure the amount received against the need for joint inspection of the equipment in the presence of the Delhi Jal Board and rectification of any defects. It accordingly moulded the prior direction by requiring a part deposit, security for the balance, and coordinated inspection and rectification arrangements, while keeping the matter pending until compliance. Case-Laws Companies Law Wed, 13 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104976