https://www.taxtmi.com/caselaws?id=111495 The Court ruled in favor of the petitioner in a winding-up petition due to the company's failure to refund an advance for an unexecuted purchase order. The company's defense was deemed baseless, and the petitioner was awarded the principal sum of Rs. 3,28,044 with an interest rate of eight per cent per annum. The petition was to be advertised in two newspapers and returnable in court after four weeks. If the company paid the amount with interest within three weeks, the petition would be permanently stayed, aiming to resolve the dispute promptly. en-us Thu, 08 Feb 2007 00:00:00 +0530 Mon, 23 Apr 2012 17:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111495 The Court ruled in favor of the petitioner in a winding-up petition due to the company's failure to refund an advance for an unexecuted purchase order. The company's defense was deemed baseless, and the petitioner was awarded the principal sum of Rs. 3,28,044 with an interest rate of eight per cent per annum. The petition was to be advertised in two newspapers and returnable in court after four weeks. If the company paid the amount with interest within three weeks, the petition would be permanently stayed, aiming to resolve the dispute promptly. Case-Laws Companies Law Thu, 08 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111495