https://www.taxtmi.com/caselaws?id=112191 The court concluded that the respondent-company failed to discharge its debt to the petitioner-firm. The petitioner was entitled to recover the principal amount of Rs. 2,51,716 along with interest at 12% per annum from March 28, 1998, until realization. The respondent-company was directed to pay the amount within two months; failure to do so would result in being deemed unable to pay its debts and being wound up. en-us Tue, 19 Jun 2007 00:00:00 +0530 Fri, 27 Apr 2012 10:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112191 The court concluded that the respondent-company failed to discharge its debt to the petitioner-firm. The petitioner was entitled to recover the principal amount of Rs. 2,51,716 along with interest at 12% per annum from March 28, 1998, until realization. The respondent-company was directed to pay the amount within two months; failure to do so would result in being deemed unable to pay its debts and being wound up. Case-Laws Companies Law Tue, 19 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112191