Warm Forging Private Limited Vs Reckon Industries Limited (Delhi High Court)
In the case of Warm Forging Private Limited vs. Reckon Industries Limited, the Delhi High Court addressed a petition filed by the defendant, who was contesting a commercial suit initiated by the plaintiff. The defendant sought to compel the plaintiff to produce tax audit reports, ledger accounts, and audit notes from 2016 to 2023, and to summon the plaintiff’s Chartered Accountant as a witness. This was argued to fill gaps and inconsistencies allegedly present in the plaintiff’s balance sheets. However, the trial court had earlier dismissed this application, stating that the requested documents and audit notes were irrelevant to the central issue of the case.
The core of the dispute revolved around the recovery of a sum of Rs. 1.47 crore and whether interest should be calculated from the date of a loan or from the date the plaintiff filed proceedings with the National Company Law Tribunal (NCLT). The principal amount and interest were settled before the National Company Law Appellate Tribunal (NCLAT), leaving only the question of interest calculation to be decided. The High Court noted that the defendant’s application was not germane to this issue and upheld the trial court’s decision.
