https://www.taxtmi.com/caselaws?id=460028 The court determined that the petitioning creditor is entitled to the claimed amount for unpaid episodes of a television serial, as the company admitted to owing this amount and had no valid defense against the claim. The company's counterclaim for damages, based on alleged fraudulent overvaluation of film rights, was deemed unliquidated and could not offset the creditor's liquidated claim. The court ordered the company to provide security for the creditor's claim, allowing the petition to be stayed while the counterclaim is pursued separately. en-us Mon, 04 Feb 2013 00:00:00 +0530 Wed, 08 Jan 2025 17:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460028 The court determined that the petitioning creditor is entitled to the claimed amount for unpaid episodes of a television serial, as the company admitted to owing this amount and had no valid defense against the claim. The company's counterclaim for damages, based on alleged fraudulent overvaluation of film rights, was deemed unliquidated and could not offset the creditor's liquidated claim. The court ordered the company to provide security for the creditor's claim, allowing the petition to be stayed while the counterclaim is pursued separately. Case-Laws Indian Laws Mon, 04 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460028