Supreme Court: Joint Disciplinary Proceedings Not Mandatory in Cases Involving Multiple Officers  ||  Supreme Court: Transferred Students Cannot Claim Government Fees After College Loses Recognition  ||  Supreme Court: Arbitration Clause Applies When Earlier Agreement is Imported “Body and Soul”  ||  J&K&L High Court: Seasonal Labourers Cannot Be Regularised Amid Government’s Blanket Ban  ||  Delhi High Court: Silence Amid Sustained Vilification May Undermine Public Confidence In Judiciary  ||  Calcutta HC Stays Eastern Railway Eviction Drive Affecting Around 6,000 Slum Dwellers Near Station  ||  J&K&L HC: Repeated Arrests U/S 107 Crpc After UAPA Bail Can be Fresh PSA Detention Grounds  ||  Del HC: Arrest Memo Listing Only Reasons Cannot Substitute Person-Specific Grounds of Arrest  ||  SC: Hostile Witness Testimony Can Support Acquittal as Well, Not Only Conviction  ||  SC: Appointing Candidates on Contract Against Advertised Regular Posts is Patently Illegal    

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