https://www.taxtmi.com/caselaws?id=212814 The court dismissed the writ petition challenging the validity of Sections 205A and 205C of the Companies Act, upholding their legality and the application of the principle of res judicata. The respondent, ICICI, was allowed to exercise early redemption of unsecured redeemable bonds and transfer unclaimed principal amounts to the Investor Education and Protection Fund as per the amended law. The court emphasized the public interest nature of the sections and the need for adherence to specified timelines for redemption, ultimately dismissing the petition based on the principle of finality in judicial decisions. en-us Fri, 20 Apr 2012 00:00:00 +0530 Tue, 12 Feb 2013 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212814 The court dismissed the writ petition challenging the validity of Sections 205A and 205C of the Companies Act, upholding their legality and the application of the principle of res judicata. The respondent, ICICI, was allowed to exercise early redemption of unsecured redeemable bonds and transfer unclaimed principal amounts to the Investor Education and Protection Fund as per the amended law. The court emphasized the public interest nature of the sections and the need for adherence to specified timelines for redemption, ultimately dismissing the petition based on the principle of finality in judicial decisions. Case-Laws Companies Law Fri, 20 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212814