https://www.taxtmi.com/caselaws?id=387399 A company suit may be validly instituted through an authorised officer where a board resolution confers authority, and later conduct amounts to ratification despite minor procedural defects in the minutes. Supply and liability can be proved on a preponderance of probabilities through invoices, excise forms, balance confirmations, accounts and corroborating records; unsupported denial and failure to produce best evidence may attract adverse inference. Contractual interest on delayed payment may be awarded, but the court may reduce an excessive claimed rate and fix a lower equitable rate. A defendant alleging short supply must substantiate that defence with effective rebuttal evidence. en-us Fri, 18 Oct 2019 00:00:00 +0530 Wed, 23 Oct 2019 08:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387399 A company suit may be validly instituted through an authorised officer where a board resolution confers authority, and later conduct amounts to ratification despite minor procedural defects in the minutes. Supply and liability can be proved on a preponderance of probabilities through invoices, excise forms, balance confirmations, accounts and corroborating records; unsupported denial and failure to produce best evidence may attract adverse inference. Contractual interest on delayed payment may be awarded, but the court may reduce an excessive claimed rate and fix a lower equitable rate. A defendant alleging short supply must substantiate that defence with effective rebuttal evidence. Case-Laws Indian Laws Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387399