https://www.taxtmi.com/caselaws?id=335417 The petitioner sought an extension of time to repay fixed deposits due to financial crisis in the Real Estate Industry. The Bench accepted the proposal for phased repayment, subject to adherence and quarterly review, categorizing depositors based on amounts held. The company committed to allocating funds for hardship cases and quarterly reviews by designated officials. A compliance report and quarterly extension process were outlined to ensure transparency and monitoring. The judgment emphasized timely adherence to the repayment schedule to grant the company financial recovery space. en-us Mon, 03 Oct 2016 00:00:00 +0530 Fri, 02 Dec 2016 09:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335417 The petitioner sought an extension of time to repay fixed deposits due to financial crisis in the Real Estate Industry. The Bench accepted the proposal for phased repayment, subject to adherence and quarterly review, categorizing depositors based on amounts held. The company committed to allocating funds for hardship cases and quarterly reviews by designated officials. A compliance report and quarterly extension process were outlined to ensure transparency and monitoring. The judgment emphasized timely adherence to the repayment schedule to grant the company financial recovery space. Case-Laws Companies Law Mon, 03 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335417