Debenture and deposit repayment applications require prescribed forms, lists and allow tribunal to order repayment. Applications to the Tribunal for failure to redeem debentures or repay deposits must be filed in prescribed forms with specified documents; applicants include debenture holders, debenture trustees, depositors or deposit trustees. Applications must attach a detailed list of claimants with identity, certificate numbers, maturity dates and amounts due; companies filing must verify estimates. The Tribunal must decide within sixty days after hearing interested parties and may order immediate or time bound repayment, considering the company's financial condition and amounts involved. Related applications must be served on the Regional Director and Registrar of Companies, who must report within thirty days.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Debenture and deposit repayment applications require prescribed forms, lists and allow tribunal to order repayment.
Applications to the Tribunal for failure to redeem debentures or repay deposits must be filed in prescribed forms with specified documents; applicants include debenture holders, debenture trustees, depositors or deposit trustees. Applications must attach a detailed list of claimants with identity, certificate numbers, maturity dates and amounts due; companies filing must verify estimates. The Tribunal must decide within sixty days after hearing interested parties and may order immediate or time bound repayment, considering the company's financial condition and amounts involved. Related applications must be served on the Regional Director and Registrar of Companies, who must report within thirty days.
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