https://www.taxtmi.com/caselaws?id=259341 The Board granted the Applicant Company a six-month extension to clear deposits due for repayment, acknowledging financial constraints post the Companies Act, 2013. A Hardship Committee was constituted to monitor the repayment process, emphasizing adherence to legislative intent and prohibiting the use of earmarked liquid assets for repayments. The Board outlined conditions for deposit repayment, time extensions, and monitoring mechanisms to ensure compliance with the Companies Act, 2013, ultimately disposing of the case. en-us Mon, 16 Feb 2015 00:00:00 +0530 Thu, 07 May 2015 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259341 The Board granted the Applicant Company a six-month extension to clear deposits due for repayment, acknowledging financial constraints post the Companies Act, 2013. A Hardship Committee was constituted to monitor the repayment process, emphasizing adherence to legislative intent and prohibiting the use of earmarked liquid assets for repayments. The Board outlined conditions for deposit repayment, time extensions, and monitoring mechanisms to ensure compliance with the Companies Act, 2013, ultimately disposing of the case. Case-Laws Companies Law Mon, 16 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259341