https://www.taxtmi.com/caselaws?id=220368 The High Court of Calcutta dismissed three appeals in a case where a company failed to clear dues for newsprint supply, leading to winding up petitions. Despite acknowledging the dues, the company disputed the amount, alleging overcharging and fraudulent activity by the respondents. The court rejected the company's plea for settlement, emphasizing its lack of candor and financial difficulty not justifying dishonesty. The court directed payment of admitted sums with interest, criticized the company's defense, and allowed the company to propose a repayment scheme with simple interest in the future. en-us Thu, 20 Dec 2012 00:00:00 +0530 Tue, 22 Jan 2013 06:32:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220368 The High Court of Calcutta dismissed three appeals in a case where a company failed to clear dues for newsprint supply, leading to winding up petitions. Despite acknowledging the dues, the company disputed the amount, alleging overcharging and fraudulent activity by the respondents. The court rejected the company's plea for settlement, emphasizing its lack of candor and financial difficulty not justifying dishonesty. The court directed payment of admitted sums with interest, criticized the company's defense, and allowed the company to propose a repayment scheme with simple interest in the future. Case-Laws Companies Law Thu, 20 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220368