THE COMPANY GOT THE INTEREST PART MORE THAN THE PRINCIPLE AMOUNT BY HON'BLE HIGH COURT'S ORDER.

In view of the above, we are of the considered opinion that the

direction of the learned Company Judge, so far as it relates to the payment of

interest on the principal amount with effect from August, 2008 till the date of

payment of principal amount is concerned, the same is not sustainable,

hence liable to be set aside. Hence, the order dated 16.07.2010 passed in

Company Petition No.9 (Comp) of 1995, Shree Gobind Deo Glass Works

Ltd. vs. Mohan Goldwater Breweries Ltd., is hereby set aside.

The Company Appeal No.01 of 2010 is hereby allowed with a direction

to the respondent company to pay the interest @ 12% per annum on the

withheld principal amount of Rs.2,66,848.70 from 28.09.1994 till the date of

the payment of the principal amount within a period of six months from the

date a certified copy of this order is produced before the respondent

company. No order as to cost.

Legal Process Outsourcing This Document

User Comments

Free

Add to Reading List Download Document


×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.