https://www.taxtmi.com/caselaws?id=260294 The Company Law Board (CLB) granted the applicant company an extension of time to repay deposit-holders after maturity, setting a payment schedule up to 31.3.2015. The company was instructed to clear matured deposits promptly and pay premature deposits with accrued interest. A Hardship Committee was established to monitor repayment progress. Despite profitability, the company faced complaints from depositors and government authorities for failing to repay matured fixed deposits, leading to the CLB's intervention to ensure compliance with the Companies Act, 2013. en-us Fri, 22 May 2015 00:00:00 +0530 Tue, 02 Jun 2015 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260294 The Company Law Board (CLB) granted the applicant company an extension of time to repay deposit-holders after maturity, setting a payment schedule up to 31.3.2015. The company was instructed to clear matured deposits promptly and pay premature deposits with accrued interest. A Hardship Committee was established to monitor repayment progress. Despite profitability, the company faced complaints from depositors and government authorities for failing to repay matured fixed deposits, leading to the CLB's intervention to ensure compliance with the Companies Act, 2013. Case-Laws Companies Law Fri, 22 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260294