https://www.taxtmi.com/caselaws?id=368806 Invoices, admissions in correspondence and cross-examination, and the absence of proof of full payment were treated as sufficient to establish the supply of goods and the outstanding debt. The alleged demand draft payment was not accepted as a discharge because the account statement showed the amount had already been adjusted and a balance still remained. The contractual clause for interest on delayed payment was upheld, but the claimed 22% rate was reduced to a reasonable commercial rate from the date of plaint until decree and thereafter until realisation. en-us Fri, 03 Aug 2018 00:00:00 +0530 Mon, 15 Oct 2018 14:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368806 Invoices, admissions in correspondence and cross-examination, and the absence of proof of full payment were treated as sufficient to establish the supply of goods and the outstanding debt. The alleged demand draft payment was not accepted as a discharge because the account statement showed the amount had already been adjusted and a balance still remained. The contractual clause for interest on delayed payment was upheld, but the claimed 22% rate was reduced to a reasonable commercial rate from the date of plaint until decree and thereafter until realisation. Case-Laws Companies Law Fri, 03 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368806