https://www.taxtmi.com/caselaws?id=113383 The High Court upheld the Company Law Board's order requiring the surrender of the company to a specific group, with payments to be made subject to interest. The Court clarified the appropriation of payments towards interest and principal, following a Supreme Court precedent. Additionally, the Court affirmed the CLB's authority to alter its previous order regarding interest payments based on equitable considerations. The appeal was allowed in part and dismissed in part, with each party bearing its own costs. en-us Mon, 03 May 2010 00:00:00 +0530 Wed, 08 Oct 2014 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113383 The High Court upheld the Company Law Board's order requiring the surrender of the company to a specific group, with payments to be made subject to interest. The Court clarified the appropriation of payments towards interest and principal, following a Supreme Court precedent. Additionally, the Court affirmed the CLB's authority to alter its previous order regarding interest payments based on equitable considerations. The appeal was allowed in part and dismissed in part, with each party bearing its own costs. Case-Laws Companies Law Mon, 03 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113383