https://www.taxtmi.com/caselaws?id=105451 Section 45QA of the RBI Act applies only to repayment of deposits accepted by an NBFC, so directions issued under it could not extend to amounts due to consortium banks; the banks' secured creditor remedies were preserved. An appeal under section 10F of the Companies Act lies only on a genuine question of law, so a challenge based on the commercial terms, viability, interest rate or payment mode of a repayment scheme was not maintainable. A stay of winding-up proceedings under section 45MC was unsustainable where it rested only on pending connected proceedings that no longer had bearing on the statutory grounds for winding up; the refusal to appoint a provisional liquidator remained undisturbed. en-us Fri, 29 Jun 2001 00:00:00 +0530 Mon, 05 Mar 2012 16:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105451 Section 45QA of the RBI Act applies only to repayment of deposits accepted by an NBFC, so directions issued under it could not extend to amounts due to consortium banks; the banks' secured creditor remedies were preserved. An appeal under section 10F of the Companies Act lies only on a genuine question of law, so a challenge based on the commercial terms, viability, interest rate or payment mode of a repayment scheme was not maintainable. A stay of winding-up proceedings under section 45MC was unsustainable where it rested only on pending connected proceedings that no longer had bearing on the statutory grounds for winding up; the refusal to appoint a provisional liquidator remained undisturbed. Case-Laws Companies Law Fri, 29 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105451