https://www.taxtmi.com/caselaws?id=110119 The Court rejected the application, affirming that the directors of the applicant-company would be disqualified under section 274(1)(g) due to the company's failure to redeem debentures on the due date. The Court emphasized the mandatory nature of statutory provisions and that disqualification cannot be postponed based on hypothetical future events. The application was dismissed without any order as to costs. en-us Mon, 18 Jul 2005 00:00:00 +0530 Fri, 13 Apr 2012 17:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110119 The Court rejected the application, affirming that the directors of the applicant-company would be disqualified under section 274(1)(g) due to the company's failure to redeem debentures on the due date. The Court emphasized the mandatory nature of statutory provisions and that disqualification cannot be postponed based on hypothetical future events. The application was dismissed without any order as to costs. Case-Laws Companies Law Mon, 18 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110119