https://www.taxtmi.com/caselaws?id=199349 The High Court of Calcutta admitted C.P.No.45 of 2013 against a company for failing to make timely payments as per the court order. The company was directed to pay the principal sum of &8377; 22,62,356 with interest at 8% per annum. A structured payment schedule was provided, escalating from &8377; 1.25 lakhs to &8377; 2 lakhs over time. Default would result in immediate winding up, with the Official Liquidator taking control. Compliance would lead to a permanent stay on the petition. The company was also liable for advertisement costs. en-us Wed, 25 Jun 2014 00:00:00 +0530 Mon, 26 Feb 2018 17:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199349 The High Court of Calcutta admitted C.P.No.45 of 2013 against a company for failing to make timely payments as per the court order. The company was directed to pay the principal sum of &8377; 22,62,356 with interest at 8% per annum. A structured payment schedule was provided, escalating from &8377; 1.25 lakhs to &8377; 2 lakhs over time. Default would result in immediate winding up, with the Official Liquidator taking control. Compliance would lead to a permanent stay on the petition. The company was also liable for advertisement costs. Case-Laws Companies Law Wed, 25 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199349