Press Information Bureau

Government of India

Ministry of Corporate Affairs

December, 2012 18:33 IST

As on 30^th November 2012, eight cases of default in repayment of deposits by the Non-Banking Financial Companies (NBFC) were pending with the Regional Benches of the Company Law Board (CLB) all over the country. Giving this information in written reply to a question in the Parliament, Shri Sachin Pilot, Minister of Corporate Affairs, said that during the last three financial years, twelve applications were received from the depositors in the Regional Benches of the Company Law Board for default in getting repayment of deposits on due dates from NBFCs and the total amount involved therein, CLB Region wise is as under:

 

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Default in repayment by NBFCs highlights depositor applications and regional pending cases with reported claimed amounts. Defaults by Non-Banking Financial Companies in repaying deposits prompted twelve depositor applications over the cited three financial years, with eight cases pending as of the report. The summary lists the regional benches where applications were filed and the amounts claimed, providing a factual record of depositor applications and pending company law proceedings concerning repayment defaults by NBFCs.