https://www.taxtmi.com/caselaws?id=106083 The court upheld the company court's decision to wind up the appellant-company due to outstanding dues, specifically the liability to pay interest at the bank rate of 18% per annum. The appellant's previous acknowledgments of interest in communications and conduct estopped them from denying the obligation. The court emphasized the significance of the appellant's conduct and communications in establishing the obligation to pay interest, highlighting the tacit agreement inferred from the appellant's actions. The judgment underscores the importance of parties' conduct in determining contractual obligations in commercial transactions under the Companies Act, 1956. en-us Thu, 20 Jul 2000 00:00:00 +0530 Mon, 12 Mar 2012 15:50:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106083 The court upheld the company court's decision to wind up the appellant-company due to outstanding dues, specifically the liability to pay interest at the bank rate of 18% per annum. The appellant's previous acknowledgments of interest in communications and conduct estopped them from denying the obligation. The court emphasized the significance of the appellant's conduct and communications in establishing the obligation to pay interest, highlighting the tacit agreement inferred from the appellant's actions. The judgment underscores the importance of parties' conduct in determining contractual obligations in commercial transactions under the Companies Act, 1956. Case-Laws Companies Law Thu, 20 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106083