https://www.taxtmi.com/caselaws?id=248216 For a non-banking financial company, the statutory liquidity ratio must be computed on the full depositor liability, including accrued interest, because the statutory scheme and RBI directions treat the investment obligation as continuing against the total deposit exposure. The accrued interest on statutory liquidity ratio investments remains part of the protected reserve maintained for depositors, but the regulatory framework allows the Reserve Bank to grant exemption, substitution or withdrawal in appropriate cases. Where court-supervised administration or settlement will better protect depositor interests, release of the interest component may be permitted for payment to secured creditors under a one-time settlement arrangement. en-us Thu, 13 Feb 2014 00:00:00 +0530 Thu, 05 Jun 2014 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248216 For a non-banking financial company, the statutory liquidity ratio must be computed on the full depositor liability, including accrued interest, because the statutory scheme and RBI directions treat the investment obligation as continuing against the total deposit exposure. The accrued interest on statutory liquidity ratio investments remains part of the protected reserve maintained for depositors, but the regulatory framework allows the Reserve Bank to grant exemption, substitution or withdrawal in appropriate cases. Where court-supervised administration or settlement will better protect depositor interests, release of the interest component may be permitted for payment to secured creditors under a one-time settlement arrangement. Case-Laws Companies Law Thu, 13 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248216