https://www.taxtmi.com/caselaws?id=276018 The Petitioner Company, facing liquidity problems and financial losses, proposed a repayment scheme for fixed deposits. The scheme included different repayment terms based on deposit amounts, with a focus on addressing hardship cases. The Company Law Board sanctioned the repayment scheme, directing adherence to specific guidelines for implementation and appointing a committee to handle hardship cases. Non-compliance would result in penal provisions under relevant sections of the Companies Act, 1956. The Company Petition was disposed of in accordance with the Board's directives. en-us Mon, 30 Sep 2013 00:00:00 +0530 Tue, 18 Apr 2023 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276018 The Petitioner Company, facing liquidity problems and financial losses, proposed a repayment scheme for fixed deposits. The scheme included different repayment terms based on deposit amounts, with a focus on addressing hardship cases. The Company Law Board sanctioned the repayment scheme, directing adherence to specific guidelines for implementation and appointing a committee to handle hardship cases. Non-compliance would result in penal provisions under relevant sections of the Companies Act, 1956. The Company Petition was disposed of in accordance with the Board's directives. Case-Laws Companies Law Mon, 30 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276018