https://www.taxtmi.com/caselaws?id=247093 The court ruled in favor of the petitioner in a case involving the winding up of a respondent company under relevant sections of the Companies Act, 1956. The petitioner was granted a refund of Rs. 3,75,000/- along with 12% per annum interest for the respondent company's failure to commence construction and deliver the flat as agreed. The court directed the respondent to pay the refund and interest within four weeks, failing which the petition for winding up would be admitted. Compliance was scheduled for 10.03.2014. en-us Wed, 22 Jan 2014 00:00:00 +0530 Thu, 01 May 2014 10:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247093 The court ruled in favor of the petitioner in a case involving the winding up of a respondent company under relevant sections of the Companies Act, 1956. The petitioner was granted a refund of Rs. 3,75,000/- along with 12% per annum interest for the respondent company's failure to commence construction and deliver the flat as agreed. The court directed the respondent to pay the refund and interest within four weeks, failing which the petition for winding up would be admitted. Compliance was scheduled for 10.03.2014. Case-Laws Companies Law Wed, 22 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247093