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1996 (11) TMI 331 - HC - Companies Law

The dispute involved outstanding principal sum against Desert Inn Pvt. Ltd. not paid to Swati Cement Pvt. Ltd. and Sushil Kumar and Company. Claim for interest made based on a letter signed by managing director of Desert Inn Ltd. Company ready to pay principal sum but disputed interest. Company directed to pay principal sum by November 13, 1996, interest dispute may be pursued in civil suit. Winding up proceedings deferred if payment made by deadline. Company petitions disposed with above directions.

 

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