https://www.taxtmi.com/caselaws?id=373355 The High Court dismissed the appeal, upholding the Company Judge's order appointing a Provisional Liquidator for the appellant company due to non-repayment of an Inter-Corporate Deposit. The court allowed exemptions for procedural requirements but condoned the delay in filing the appeal. The court found the respondent's debt recovery claim timely and admissible, drawing adverse inferences against the appellant for lack of evidence and response to legal notices. The court rejected the appellant's defense of debt settlement and document manipulation, emphasizing the need for substantiated defenses. en-us Fri, 21 Dec 2018 00:00:00 +0530 Fri, 11 Jan 2019 10:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373355 The High Court dismissed the appeal, upholding the Company Judge's order appointing a Provisional Liquidator for the appellant company due to non-repayment of an Inter-Corporate Deposit. The court allowed exemptions for procedural requirements but condoned the delay in filing the appeal. The court found the respondent's debt recovery claim timely and admissible, drawing adverse inferences against the appellant for lack of evidence and response to legal notices. The court rejected the appellant's defense of debt settlement and document manipulation, emphasizing the need for substantiated defenses. Case-Laws Companies Law Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373355