https://www.taxtmi.com/caselaws?id=289852 The National Company Law Tribunal, New Delhi Bench, set aside an order that reduced a fine below the prescribed minimum under Section 165(6) of the Companies Act, 2013. The Tribunal imposed a fine of Rs. 42,45,000 on the Respondent for a default period of 849 days, rejecting arguments that the penalty was not mandatory. The Respondent was directed to pay the fine within 45 days, and the appeal was allowed without costs awarded. en-us Wed, 12 Sep 2018 00:00:00 +0530 Wed, 26 Aug 2020 12:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289852 The National Company Law Tribunal, New Delhi Bench, set aside an order that reduced a fine below the prescribed minimum under Section 165(6) of the Companies Act, 2013. The Tribunal imposed a fine of Rs. 42,45,000 on the Respondent for a default period of 849 days, rejecting arguments that the penalty was not mandatory. The Respondent was directed to pay the fine within 45 days, and the appeal was allowed without costs awarded. Case-Laws Companies Law Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289852