https://www.taxtmi.com/caselaws?id=112190 The court found the petitioner-firm entitled to recover the outstanding principal amount from the respondent-company. The court determined interest at 12% per annum on the principal amount from April 1, 1998, to March 31, 2006, totaling Rs. 10,14,486.92. The court rejected the respondent's argument on the maintainability of the petition under sections 433 and 439, holding that the company judge has jurisdiction to determine the creditor's entitlement to interest. The petition succeeded, with the respondent ordered to pay the calculated interest within two months, failing which winding up proceedings would commence. en-us Tue, 19 Jun 2007 00:00:00 +0530 Fri, 27 Apr 2012 10:30:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112190 The court found the petitioner-firm entitled to recover the outstanding principal amount from the respondent-company. The court determined interest at 12% per annum on the principal amount from April 1, 1998, to March 31, 2006, totaling Rs. 10,14,486.92. The court rejected the respondent's argument on the maintainability of the petition under sections 433 and 439, holding that the company judge has jurisdiction to determine the creditor's entitlement to interest. The petition succeeded, with the respondent ordered to pay the calculated interest within two months, failing which winding up proceedings would commence. Case-Laws Companies Law Tue, 19 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112190