https://www.taxtmi.com/caselaws?id=112500 The court upheld the orders directing Indian Bank Mutual Fund and Indian Bank to pay dividend for the financial year 1996-97 to a respondent NGO under a scheme. The petitioners' failure to provide the assured minimum dividend led to the court's decision, rejecting their arguments regarding registered unit holders and claims relinquishment. SEBI and the Central Government accepted the respondent's plea, and the court ordered the petitioners to pay the dividend with interest, emphasizing the importance of honoring commitments under the scheme. The writ petition was dismissed, and the petitioners were directed to comply within two months. en-us Tue, 05 May 2009 00:00:00 +0530 Sun, 09 Nov 2014 22:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112500 The court upheld the orders directing Indian Bank Mutual Fund and Indian Bank to pay dividend for the financial year 1996-97 to a respondent NGO under a scheme. The petitioners' failure to provide the assured minimum dividend led to the court's decision, rejecting their arguments regarding registered unit holders and claims relinquishment. SEBI and the Central Government accepted the respondent's plea, and the court ordered the petitioners to pay the dividend with interest, emphasizing the importance of honoring commitments under the scheme. The writ petition was dismissed, and the petitioners were directed to comply within two months. Case-Laws Companies Law Tue, 05 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112500