https://www.taxtmi.com/caselaws?id=108792 The court ruled in favor of the official liquidator, holding the respondent liable to repay the loan amount of Rs. 1,48,000 with 12% annual interest from 1-4-1994 until payment. The respondent's claims for set-off, limitation bar, company liability for insurance, and reimbursement for MACT claim were all rejected. The court also ordered the respondent to pay Rs. 2,000 as costs. The court found the respondent's defenses to be without merit and concluded that the application by the official liquidator succeeded entirely. en-us Fri, 16 Aug 2002 00:00:00 +0530 Tue, 03 Apr 2012 18:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108792 The court ruled in favor of the official liquidator, holding the respondent liable to repay the loan amount of Rs. 1,48,000 with 12% annual interest from 1-4-1994 until payment. The respondent's claims for set-off, limitation bar, company liability for insurance, and reimbursement for MACT claim were all rejected. The court also ordered the respondent to pay Rs. 2,000 as costs. The court found the respondent's defenses to be without merit and concluded that the application by the official liquidator succeeded entirely. Case-Laws Companies Law Fri, 16 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108792