https://www.taxtmi.com/caselaws?id=459484 Karnataka HC dismissed a company winding up petition after the respondent company proposed settlement terms including a Rs. 10,00,000 cheque and repayment of remaining amount with 10% interest. The court directed additional interest of Rs. 75,000 on the Rs. 31,00,000 already paid. Finding the respondent capable of meeting its commitments, the court concluded winding up would be unjust and unfair, accepting the company's undertaking for repayment per the settlement proposal. en-us Tue, 01 Apr 2014 00:00:00 +0530 Mon, 16 Dec 2024 18:31:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459484 Karnataka HC dismissed a company winding up petition after the respondent company proposed settlement terms including a Rs. 10,00,000 cheque and repayment of remaining amount with 10% interest. The court directed additional interest of Rs. 75,000 on the Rs. 31,00,000 already paid. Finding the respondent capable of meeting its commitments, the court concluded winding up would be unjust and unfair, accepting the company's undertaking for repayment per the settlement proposal. Case-Laws Companies Law Tue, 01 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459484