SC: Recoveries U/S 27 of Evidence Act Alone Cannot Sustain Conviction; 1988 Murder Acquittal Restored  ||  SC: Successive Impleadment Applications are Barred by Res Judicata under Different CPC Provisions  ||  Supreme Court Halts Coercive Measures in CJP Protest Cases, Directs Release of Minors  ||  Supreme Court: National Commission for Scheduled Castes Lacks Power to Pass Binding Orders  ||  Bombay HC: Alleged Illegal Arrest Alone Cannot Trigger Contempt Action Against Police  ||  Bombay HC Quashes Order against Taiwan National, Says Online Study Didn't Breach Visa Rules  ||  P&H High Court Issues Directions on LADC Scheme After Reviewing Lawyers' Objections  ||  Allahabad HC: Suspension of Sentence Plea Need Not Take Priority if Appeal is Ready  ||  Allahabad High Court: Surcharge Recovery From Pradhan Must Follow Panchayat Raj Act Procedure  ||  Allahabad HC Directs IB Probe into 4 Lucknow Lawyers, Raises Concern over Lawyer-Police Nexus    

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