https://www.taxtmi.com/caselaws?id=284047 A High Court moratorium order limiting cash payment to 60 per cent did not bar adjustment of creditors' claims against the company's debts, because the restriction applied only to payment in cash. A transfer by adjustment was not a fraudulent preference under the Companies Act, as the relevant statutory conditions and period were not satisfied. On negotiable instruments, non-presentment of a bill relieved parties other than the acceptor from liability unless a valid waiver was proved by showing knowledge of the omission and intentional relinquishment of the objection; that burden was not met. Interest on an instrument payable on a fixed date was properly allowed from maturity. en-us Thu, 28 Jan 1954 00:00:00 +0530 Thu, 24 Oct 2019 15:50:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284047 A High Court moratorium order limiting cash payment to 60 per cent did not bar adjustment of creditors' claims against the company's debts, because the restriction applied only to payment in cash. A transfer by adjustment was not a fraudulent preference under the Companies Act, as the relevant statutory conditions and period were not satisfied. On negotiable instruments, non-presentment of a bill relieved parties other than the acceptor from liability unless a valid waiver was proved by showing knowledge of the omission and intentional relinquishment of the objection; that burden was not met. Interest on an instrument payable on a fixed date was properly allowed from maturity. Case-Laws Indian Laws Thu, 28 Jan 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284047