https://www.taxtmi.com/caselaws?id=112731 Unpaid contractual interest on admitted supply dues can form part of a debt for winding-up purposes where the principal liability is not disputed and the materials show acknowledgment of the outstanding dues. A debt under sections 433 and 434 of the Companies Act, 1956 is not defeated merely because the exact quantum is contested, if the existence of liability is established. Contractual, admitted, or otherwise legally payable interest may be included in the debt, and a later denial will not by itself create a bona fide dispute. Where only the rate or quantification of interest is questioned, the company may still be treated as unable to pay its debts. en-us Wed, 17 Dec 2008 00:00:00 +0530 Tue, 11 Nov 2025 16:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112731 Unpaid contractual interest on admitted supply dues can form part of a debt for winding-up purposes where the principal liability is not disputed and the materials show acknowledgment of the outstanding dues. A debt under sections 433 and 434 of the Companies Act, 1956 is not defeated merely because the exact quantum is contested, if the existence of liability is established. Contractual, admitted, or otherwise legally payable interest may be included in the debt, and a later denial will not by itself create a bona fide dispute. Where only the rate or quantification of interest is questioned, the company may still be treated as unable to pay its debts. Case-Laws Companies Law Wed, 17 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112731