https://www.taxtmi.com/caselaws?id=276034 The National Company Law Tribunal (NCLT) extended the time for a respondent company to repay outstanding deposits plus interest until 31st March 2017. Despite warnings and extensions, the company failed to make payments. The Tribunal directed the company to pay by the deadline, emphasizing potential penalties for non-compliance, including disqualification of directors and legal actions. The Tribunal ordered the closure of the Company Petition and stressed that further extensions without valid reasons were not permissible, especially when the company showed no initiative in repaying the deposits. en-us Thu, 02 Mar 2017 00:00:00 +0530 Fri, 26 Oct 2018 06:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276034 The National Company Law Tribunal (NCLT) extended the time for a respondent company to repay outstanding deposits plus interest until 31st March 2017. Despite warnings and extensions, the company failed to make payments. The Tribunal directed the company to pay by the deadline, emphasizing potential penalties for non-compliance, including disqualification of directors and legal actions. The Tribunal ordered the closure of the Company Petition and stressed that further extensions without valid reasons were not permissible, especially when the company showed no initiative in repaying the deposits. Case-Laws Companies Law Thu, 02 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276034