https://www.taxtmi.com/caselaws?id=460216 Calcutta HC disposed of dishonour of cheque case where company admitted indebtedness of Rs. 1.19 crore to petitioner through letter dated November 16, 2013, issued after statutory notice response. Court found company's admission clear and unambiguous with no viable defence established. Company held liable to pay principal amount of Rs. 1.19 crore with interest at 10% per annum. Cash payments acknowledged but did not affect admitted debt. Claims for enhanced interest and additional amounts relegated to separate suit. en-us Mon, 03 Aug 2015 00:00:00 +0530 Wed, 15 Jan 2025 20:53:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460216 Calcutta HC disposed of dishonour of cheque case where company admitted indebtedness of Rs. 1.19 crore to petitioner through letter dated November 16, 2013, issued after statutory notice response. Court found company's admission clear and unambiguous with no viable defence established. Company held liable to pay principal amount of Rs. 1.19 crore with interest at 10% per annum. Cash payments acknowledged but did not affect admitted debt. Claims for enhanced interest and additional amounts relegated to separate suit. Case-Laws Indian Laws Mon, 03 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460216