https://www.taxtmi.com/caselaws?id=113003 The court clarified that a deposit made with the appellant should earn interest until the claim is adjudicated upon, emphasizing the Official Liquidator's fiduciary duty for equitable distribution among creditors. The court determined a 12% per annum interest rate on the deposit during the interregnum period, rejecting the appellant's argument against interest accrual. The judgment highlighted the importance of fair treatment of all creditors and the Official Liquidator's responsibility in managing the company's assets. en-us Thu, 07 Feb 2008 00:00:00 +0530 Fri, 12 Dec 2014 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113003 The court clarified that a deposit made with the appellant should earn interest until the claim is adjudicated upon, emphasizing the Official Liquidator's fiduciary duty for equitable distribution among creditors. The court determined a 12% per annum interest rate on the deposit during the interregnum period, rejecting the appellant's argument against interest accrual. The judgment highlighted the importance of fair treatment of all creditors and the Official Liquidator's responsibility in managing the company's assets. Case-Laws Companies Law Thu, 07 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113003