Supreme Court: Compassionate Appointees Cannot Later Claim Entitlement to a Higher Post  ||  NCLAT New Delhi: Insolvency Pleas Cannot Be Admitted When Information Utility Records Show a Dispute  ||  NCLAT: Issuing Cheques For Another Entity’s Liabilities Does not Constitute Operational Debt  ||  NCLAT: SEBI Penalties Imposed After Liquidation Begins are Not Admissible as Claims  ||  NCLT Reiterates That an Auction Purchaser is Not Liable For a Corporate Debtor’s Electricity Dues  ||  Delhi HC Upholds Interim Injunction Against 'Power Flex' in Bata’s Trademark Infringement Case  ||  Calcutta High Court: Mere Presence of Alcohol in Post-Mortem Cannot Bar Compensation to Heirs  ||  Kerala High Court: Review Petition Cannot Be Entertained Against an Order Refusing Arbitration  ||  J&K High Court: Umadevi Judgment Does not Justify Perpetual Temporary Employment  ||  SC: Public Premises Act Prevails over State Rent Laws For Evicting Unauthorised Occupants    

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 2025 - All Rights Reserved