SC: Reserved Category Candidate Who Availed Prelims Relaxation Cannot Claim an Unreserved Seat  ||  SC: Public Sector Enterprises Cannot Act Against Retired Employees Without Clear Rules  ||  Supreme Court: Single FIR is Permissible in Mass Cheating Cases Arising From One Conspiracy  ||  SC: Courts Cannot Take Cognizance of Time-Barred Cheque Bounce Cases Without Condoning Delay  ||  SC: Exoneration in Disciplinary Proceedings Does Not Always Bar Criminal Prosecution  ||  SC: Judge Cannot Be Presumed Biased Merely Because a Litigant’s Relative Is Police or Court Staff  ||  Delhi HC: Delays From Medical Review Cannot Justify Ante-Dated Seniority For BSF Candidates  ||  Allahabad HC: Being ‘Proclaimed Offender’ Does Not Completely Bar Grant of Anticipatory Bail  ||  Delhi HC: Abortion by a Married Woman For Marital Discord is Legal under The MTP Act  ||  NCLT Kochi: Fraud Has No Time Limit and Directors Cannot Use Delay As a Defense    

NCLAT Hauls Unitech Ltd for Defaulting Payment to Deposit Holders - (28 Feb 2020)

COMPANY

National Company Law Appellate Tribunal has directed Unitech Limited to repay the amount(s) to its deposit holder’s penedente lite along with future interest @ 12.5% per annum from the date of maturity of the respective Fixed Deposit Receipts. The Tribunal has also imposed a cost of Rs. 50,000/- to each of the deposit holders, setting aside the order of National Company Law Tribunal, New Delhi.

Tags : NATIONAL COMPANY LAW APPELLATE TRIBUNAL   UNITECH LTD  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved