Allowed
The Official Liquidator, High Court as the Provisional Liquidator of M/s. Best and Crompton v. M/s Schwing Stetter (I) Pvt, Limited
Madras HCCOMP.A/105/2021
Case brief
AI extract
What is this about?
The court allowed an application under Section 446 of the Companies Act for payment of Rs.1,78,000/- with interest, accepting the Official Liquidator's report despite the respondent's non-appearance.
What did the court decide?
Ordering the respondent to pay Rs.1,78,000/- with interest at 18% p.a. from 27.07.2016.