Interest of loan couldn't be applicable to respondent as it was granted leave to stand outside from winding up

COMPANY LAW/ARBITRATION ACT : Where Arbitral Tribunal passed an award directing petitioner to pay respondent interest on principal loan amount at rate of 12 per cent up to date of realisation, however, petitioner's contention was that interest was payable at rate of 4 per cent per annum up to date of order of winding up as per Rule 156 of Companies (Court) Rules, 1959, since leave was granted to respondent to prosecute its claim by standing outside winding up whereas Rule 156 only applies to cre

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