https://www.taxtmi.com/caselaws?id=112252 The High Court of Calcutta admitted the petition seeking winding up of a company for failure to repay loans totaling Rs. 6,05,000 obtained between 1997 and 1999. Despite the company's defense based on criminal proceedings and disputing the authenticity of documents, the court allowed the company an opportunity to repay the outstanding amount with interest at 12% per annum from 15-9-2003. Conditions were set for the company to provide security for the full amount within three weeks to avoid further legal action, with the petition remaining stayed permanently upon compliance. en-us Wed, 22 Aug 2007 00:00:00 +0530 Mon, 29 Dec 2014 20:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112252 The High Court of Calcutta admitted the petition seeking winding up of a company for failure to repay loans totaling Rs. 6,05,000 obtained between 1997 and 1999. Despite the company's defense based on criminal proceedings and disputing the authenticity of documents, the court allowed the company an opportunity to repay the outstanding amount with interest at 12% per annum from 15-9-2003. Conditions were set for the company to provide security for the full amount within three weeks to avoid further legal action, with the petition remaining stayed permanently upon compliance. Case-Laws Companies Law Wed, 22 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112252