2018 (7) TMI 1841

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..... ay, 2013 decided to grant unsecured loan to ‘Saroj Realtors and Developers Private Limited’ with 24% interest payable annually and for return of the principal amount along with interest on or before 31st March, 2016, but the Board of Directors of the ‘Corporate Debtor’ in their meeting held on 29th March, 2014 decided to accept the amount as ‘interest free unsecured loan’. From the aforesaid d .....

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..... d that though the Appellants by its resolution dated 16th May, 2013 decided to grant unsecured loan to Saroj Realtors and Developers Private Limited with 24% interest payable annually and for return of the principal amount along with interest on or before 31st March, 2016, but the Board of Directors of the Corporate Debtor in their meeting held on 29th March, 2014 decided to accept the amount .....

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