THE GOPALPUR TEA CO LTD vs MOTILAL JINDAL — C.A. No. 7373/1997
Case under Section XVI. Status: Disposed.
CNR: SCIN010075571997
Filing Date
28-Apr-1997
Registration No
C.A. No. 7373/1997
Diary Number
7557/1997
Order Date
16-Dec-2003
Document Type
ROP - of Main Case
Disposal Type
Dismissed
Last updated 03-Jun-2026
Acts & Sections
Petitioner(s)
-
1.THE GOPALPUR TEA CO LTD
Adv. SUSHIL KUMAR JAIN
Respondent(s)
-
1.MOTILAL JINDAL
Adv. SUMITA RAY
Case History
Case Summary: C.A. No. 7373/1997 The Gopalpur Tea Co. Ltd. v. Motilal Jindal (D) by LRs. In this winding-up petition under the Companies Act 1956, the Supreme Court allowed Gopalpur Tea Co.'s appeal on 16 December 2003. The respondent had claimed Rs. 5,16,617.99 plus compound interest for machinery supplied; the company disputed the liability. The Court accepted the debt claim as bona fide but reduced interest to 10% per annum (simple) from 7 January 1987 onwards. Direction: The company must pay the principal with interest within three months; upon certified payment, winding-up proceedings terminate; failure permits revival of proceedings and bank guarantee enforcement. This case analysis is maintained by casestatus.in based on publicly available court records.
Explore other courts