https://www.taxtmi.com/caselaws?id=258847 The court dismissed the appeal in a case involving an outstanding payment dispute for the supply of goods. The company's defense against the winding up petition was rejected due to lack of a bona fide defense. Correspondence and e-mails were deemed insufficient evidence. The company's failure to secure the claim earlier was noted, impacting the case outcome. The court reduced the interest rate on the outstanding amount from 12% to 8% per annum and directed the company to pay within two weeks. The importance of timely payment and securing claims to avoid legal consequences was highlighted. en-us Thu, 06 Feb 2014 00:00:00 +0530 Wed, 22 Apr 2015 08:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258847 The court dismissed the appeal in a case involving an outstanding payment dispute for the supply of goods. The company's defense against the winding up petition was rejected due to lack of a bona fide defense. Correspondence and e-mails were deemed insufficient evidence. The company's failure to secure the claim earlier was noted, impacting the case outcome. The court reduced the interest rate on the outstanding amount from 12% to 8% per annum and directed the company to pay within two weeks. The importance of timely payment and securing claims to avoid legal consequences was highlighted. Case-Laws Companies Law Thu, 06 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258847