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Companies Law - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Repayment of deposits - Fresh Scheme filed to re-fix ...


New Scheme Filed to Adjust Deposit Repayment Schedules; Strict Adherence to Company Law Provisions Required, No Multiple Applications Allowed.

October 29, 2018

Case Laws     Companies Law     AT

Repayment of deposits - Fresh Scheme filed to re-fix schedules/instalments - We cannot read or add words like “from time to time” in the provision as no such multiple applications are provided for. Else, the provision will become a tool to stall recovery suits and Insolvency Proceedings, which cannot be allowed.

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