https://www.taxtmi.com/caselaws?id=249022 Section 117C(4) of the Companies Act, 1956 is described as a beneficial remedy enabling debentureholders to seek redemption where the company fails to honour its obligation. The text states that an application by any holder of debentures is competent even if the debentures are in joint names, and that objections based on limitation, maintainability, and jurisdiction were rejected. It further states that the redemption request was made after the lock-in period and within the relevant period, and that the company's silence could not defeat the claim. The provision is said to apply to pending debentures, with redemption to be made with interest in accordance with the terms of issue. en-us Thu, 20 Mar 2014 00:00:00 +0530 Wed, 02 Jul 2014 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249022 Section 117C(4) of the Companies Act, 1956 is described as a beneficial remedy enabling debentureholders to seek redemption where the company fails to honour its obligation. The text states that an application by any holder of debentures is competent even if the debentures are in joint names, and that objections based on limitation, maintainability, and jurisdiction were rejected. It further states that the redemption request was made after the lock-in period and within the relevant period, and that the company's silence could not defeat the claim. The provision is said to apply to pending debentures, with redemption to be made with interest in accordance with the terms of issue. Case-Laws Companies Law Thu, 20 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249022