https://www.taxtmi.com/caselaws?id=234212 The Court held that the application under Section 446 of the Companies Act, 1956 was maintainable without the need for leave from the Court. The claim for recovery was deemed timely as it was filed within the period of limitation following the Court's orders. The respondent was entitled to simple interest under Rule 156 of the Companies (Court) Rules, and the excess payment made was calculated accordingly. The Court ruled that no cross-examination of the Chartered Accountant was necessary, and directed the respondent to refund the excess amount with interest, imposing penalties for non-compliance. en-us Tue, 28 May 2013 00:00:00 +0530 Mon, 03 Jun 2013 09:03:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234212 The Court held that the application under Section 446 of the Companies Act, 1956 was maintainable without the need for leave from the Court. The claim for recovery was deemed timely as it was filed within the period of limitation following the Court's orders. The respondent was entitled to simple interest under Rule 156 of the Companies (Court) Rules, and the excess payment made was calculated accordingly. The Court ruled that no cross-examination of the Chartered Accountant was necessary, and directed the respondent to refund the excess amount with interest, imposing penalties for non-compliance. Case-Laws Companies Law Tue, 28 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234212