https://www.taxtmi.com/caselaws?id=102404 A company resolution rescheduling redemption of debentures was not binding where it remained expressly subject to approval by debentureholders and relevant authorities, and no such approval was shown. No debentureholders' meeting had been convened, and the proposal was still under consideration by financial institutions and the Reserve Bank of India. On those facts, the resolution could not override the original redemption terms, and the company remained liable to redeem the debentures in accordance with the agreement. en-us Thu, 30 Sep 1993 00:00:00 +0530 Mon, 18 Feb 2013 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102404 A company resolution rescheduling redemption of debentures was not binding where it remained expressly subject to approval by debentureholders and relevant authorities, and no such approval was shown. No debentureholders' meeting had been convened, and the proposal was still under consideration by financial institutions and the Reserve Bank of India. On those facts, the resolution could not override the original redemption terms, and the company remained liable to redeem the debentures in accordance with the agreement. Case-Laws Companies Law Thu, 30 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102404