https://www.taxtmi.com/caselaws?id=344385 The court upheld the petitioner's claim for the principal sum in a dispute over high seas sale agreements with the respondent company. The defense raised by the company was rejected as baseless, and the petitioner was granted simple interest at 7% p.a. for the outstanding amount. The winding up application was admitted, with the petitioner instructed to advertise the same in newspapers for further proceedings, as the court found the defense unsustainable. en-us Thu, 04 May 2017 00:00:00 +0530 Fri, 16 Jun 2017 09:05:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344385 The court upheld the petitioner's claim for the principal sum in a dispute over high seas sale agreements with the respondent company. The defense raised by the company was rejected as baseless, and the petitioner was granted simple interest at 7% p.a. for the outstanding amount. The winding up application was admitted, with the petitioner instructed to advertise the same in newspapers for further proceedings, as the court found the defense unsustainable. Case-Laws Companies Law Thu, 04 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344385