https://www.taxtmi.com/caselaws?id=369350 The court ordered the disbursement of interest to depositors at a rate of 12/12.5% per annum from the date of maturity till actual payment within twelve weeks. Penal interest at 18% per annum was denied as payments were made within the extended period. Emphasizing timely payment compliance, the court stressed the importance of releasing interest promptly. The insolvency application pending before the NCLT would be decided independently of the Supreme Court's judgment, ensuring an unbiased consideration based on its own merits. en-us Mon, 10 Sep 2018 00:00:00 +0530 Fri, 26 Oct 2018 06:01:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369350 The court ordered the disbursement of interest to depositors at a rate of 12/12.5% per annum from the date of maturity till actual payment within twelve weeks. Penal interest at 18% per annum was denied as payments were made within the extended period. Emphasizing timely payment compliance, the court stressed the importance of releasing interest promptly. The insolvency application pending before the NCLT would be decided independently of the Supreme Court's judgment, ensuring an unbiased consideration based on its own merits. Case-Laws Companies Law Mon, 10 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369350