“The invoices were raised by the respondent on 26 March 2015 and in terms of the order dated 11 March 2015, the petitioner was required to make payment of the entire dues by 31 March 2015. However, the petitioner has once again defaulted and has not made any payment to the respondent. It also appears that before the Chartered Accountant the petitioner sought to change its stand from what was categorically stated on its behalf before us, as noted in the order dated 19 February 2015. In those circumstances, it would have been fully justified to lift the interim protection granted to it and to allow the respondent to discontinue its supply of signals to the petitioner. However, Mr.Upender Thakur, counsel for the petitioner made a fervent appeal not to discontinue the supply of signals to the petitioner and submitted that the discontinuance of signals would cause immense loss to it. He further stated (on the basis of instructions received by him from the representative of the petitioner who is present in the court) that the petitioner shall definitely and without fail make payment of the entire sum of Rs.3.57 crores plus Rs.4.09 crores adding upto Rs.7.66 crores within 10 days from today. We accept the submission made by Mr.Thakur subject, however, to saddling the petitioner with interest @ 12% per annum.”
