IN THE HIGH COURT OF MADHYA PRADESH AT JABALPUR COMP No. 47 of 2016 (K.N. RESOURCES PRIVATE LIMITED Vs KHALSA OVERSEAS LIMITED REGD. OFFICE 13TH K.M. STONE )

Dated : 09-10-2025 Shri Vijayesh Atre - Advocate for the petitioner.

Shri Manoj Munshi - Senior Advocate with Shri Akshay Jha -

Advocate for the respondent No.1.

Shri H K Upadhyay - Advocate for Official Liquidator.

Shri Abhishek Arjaria - Advocate through Video Conferencing with Ms.Vaishnavi Tripathi - Advocate for the respondent/Intervenor.

Shri Bahulashwa Nandan - Advocate for the respondent/Intervenor.

Pursuant to the order dated 18.8.2025, the matter is heard today on affidavit Document No.45/2024 and Document No.12469/2025, taking into consideration the direction of this Court for admission/winding up of the respondent company issued vide order dated 22.1.2019 and 27.9.2024. 2. Counsel for the respondent no.1 has pressed upon the affidavit to decide the issue of interest to be payable on the admitted amount of claim of secured creditor/petitioner.

3. Taking exception to OLR No.3/2024, learned senior counsel for the respondent/promotor has submitted that the interest is on a higher side which is not permissible as per Rule 156 of