https://www.taxtmi.com/caselaws?id=213019 The court found in favor of the petitioner in the winding-up application for the unpaid price of coal sold to the company. The court determined that the acknowledgment documents did not extend the limitation period for the claims, rendering the claim time-barred. A specific invoice amount was disputed, leading to a reduction in the total payable amount. The court ordered the company to pay the admitted amount in monthly installments with interest and allowed the petitioner to seek a formal order in case of default. The court also directed the specific disputed amount to be pursued in a separate suit and dismissed other claims for lack of merit. en-us Tue, 21 Jun 2011 00:00:00 +0530 Fri, 08 Feb 2013 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213019 The court found in favor of the petitioner in the winding-up application for the unpaid price of coal sold to the company. The court determined that the acknowledgment documents did not extend the limitation period for the claims, rendering the claim time-barred. A specific invoice amount was disputed, leading to a reduction in the total payable amount. The court ordered the company to pay the admitted amount in monthly installments with interest and allowed the petitioner to seek a formal order in case of default. The court also directed the specific disputed amount to be pursued in a separate suit and dismissed other claims for lack of merit. Case-Laws Companies Law Tue, 21 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213019