https://www.taxtmi.com/caselaws?id=458499 An admitted debit balance reflected in the statement of affairs and company ledger was treated as sufficient proof that the sum was due and payable in proceedings under the Companies Act, 1956. The respondent's failure to appear or contest the claim, despite service and an ex parte course, left the documentary evidence unchallenged, and the demand notice from the Official Liquidator also went unanswered. The Court found no defence to the claim, accepted that the demand was within limitation, and directed payment of the admitted amount with interest at 6% per annum until realisation. en-us Tue, 27 Apr 2010 00:00:00 +0530 Mon, 04 Nov 2024 14:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458499 An admitted debit balance reflected in the statement of affairs and company ledger was treated as sufficient proof that the sum was due and payable in proceedings under the Companies Act, 1956. The respondent's failure to appear or contest the claim, despite service and an ex parte course, left the documentary evidence unchallenged, and the demand notice from the Official Liquidator also went unanswered. The Court found no defence to the claim, accepted that the demand was within limitation, and directed payment of the admitted amount with interest at 6% per annum until realisation. Case-Laws Companies Law Tue, 27 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458499