Supreme Court of India
M/s. Vijay Industries v. M/s. Natl Technologies Ltd.
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1 Supreme Court bench has cited this judgment.
From the headnote
Companies Act, 1956 - ss. 433 and 434 - Winding up petition under - Maintainability of - Interest payable on the c sum due whether debt to attract ss. 433 and 434 - Held: Failure to pay agreed interest or statutory interest would be 'debt' - s.433 does not state that debt must be a definite sum - On facts, failure of purchaser to pay price for the goods to supplier on presentation of invoices - Credit bill signed by purchaser's representative contained clause for payment of interest on delayed payments - Purchaser agreed to compensate supplier for delay in payment and never denied demand of
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Of those, 1 distinguished
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