https://www.taxtmi.com/caselaws?id=776820 A settled payment was required to be made in one go, and the respondent's attempt to pay in instalments did not cure default when the amount was not cleared by the proposed outer date. The earlier restriction of interest to a shorter period was found to lack cogent reasoning, while the rate of interest itself was left undisturbed. The default was treated as having arisen from 16.04.2010, so interest became payable from that date until the principal was deposited, with any interest already paid to be adjusted. en-us Tue, 19 Aug 2025 00:00:00 +0530 Tue, 19 Aug 2025 16:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776820 A settled payment was required to be made in one go, and the respondent's attempt to pay in instalments did not cure default when the amount was not cleared by the proposed outer date. The earlier restriction of interest to a shorter period was found to lack cogent reasoning, while the rate of interest itself was left undisturbed. The default was treated as having arisen from 16.04.2010, so interest became payable from that date until the principal was deposited, with any interest already paid to be adjusted. Case-Laws Companies Law Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776820