TaxTMI 
TaxTMI 
2015 (4) TMI 156
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.... Court in this petition filed under Sections 433 and 434 of Companies Act. They are seeking that the respondent be directed to be wound up and the Official Liquidator be appointed to take charge of all the assets and affairs of the respondent company., 2. The case of the petitioner is that they had entered into an agreement with the respondent to carry out certain interior work for the respondent....
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....eques and the endorsement issued by the banker is also relied upon at Annexures-K1 to K10. The petitioner thereafter got issued statutory notice dated 30.5.2013 claiming the sum of Rs. 45,66,741/-, which according to them was also with the further accrual of interest. Since the amount as demanded by the petitioner was not paid, but reply was issued raising untenable contentions, the petitioner is ....
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....as been enclosed to the said letter. It is therefore contended that out of the total amount of Rs. 4,00,69,555/-, a sum of Rs. 3,60,49,515/- being the principle amount which was payable by the respondent has been paid, which would leave the balance of Rs. 40,20,040/-, which cannot be the amount as due and payable by the respondents, but, it is interest that has been calculated by the petitioner, w....
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....ircumstance, whether the amount as paid through the cheque dated 15.7.2012 has been received by the petitioner and has been accounted and when there is dispute with regard to fact as to whether the balance amount claimed as interest by the petitioner is due and payable, at this stage, this Court cannot come to the conclusion that the respondents are unable to pay their debts. 5. Even assuming for....