https://www.taxtmi.com/caselaws?id=105927 Contractual interest was treated as established where correspondence showed the lender's claim to 21.5% on the first loan and 23% on later loans, and there was no contemporaneous repudiation; the borrower was therefore liable to pay interest at the claimed rate. On the statutory issue, the Special Court Act and the Sick Industrial Companies Act were both treated as special laws with overriding clauses, and the later special enactment was held to prevail. Proceedings under the Special Court Act were therefore not stayed or displaced by pending sick-company proceedings, and the recovery decree with interest was sustained. en-us Wed, 07 Feb 2001 00:00:00 +0530 Mon, 06 Oct 2025 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105927 Contractual interest was treated as established where correspondence showed the lender's claim to 21.5% on the first loan and 23% on later loans, and there was no contemporaneous repudiation; the borrower was therefore liable to pay interest at the claimed rate. On the statutory issue, the Special Court Act and the Sick Industrial Companies Act were both treated as special laws with overriding clauses, and the later special enactment was held to prevail. Proceedings under the Special Court Act were therefore not stayed or displaced by pending sick-company proceedings, and the recovery decree with interest was sustained. Case-Laws Companies Law Wed, 07 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105927