https://www.taxtmi.com/caselaws?id=198649 The Court directed the release of Rs. 50,00,000/- along with interest to the petitioner by the respondent company. Despite opposition based on solvency, the Court emphasized the obligation to pay undisputed debts. The matter was scheduled for the handing over of the cheque, with the petitioner allowed to pursue a civil suit for interest recovery. The petition was disposed of, highlighting the significance of honoring debts irrespective of solvency concerns, with rights and contentions left for the trial court's determination. en-us Tue, 06 Mar 2012 00:00:00 +0530 Tue, 06 Feb 2018 18:26:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198649 The Court directed the release of Rs. 50,00,000/- along with interest to the petitioner by the respondent company. Despite opposition based on solvency, the Court emphasized the obligation to pay undisputed debts. The matter was scheduled for the handing over of the cheque, with the petitioner allowed to pursue a civil suit for interest recovery. The petition was disposed of, highlighting the significance of honoring debts irrespective of solvency concerns, with rights and contentions left for the trial court's determination. Case-Laws Companies Law Tue, 06 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198649