https://www.taxtmi.com/caselaws?id=405068 The Tribunal found the Respondent company in violation of the Companies Act, 2013, for not repaying deposits and ordered repayment of Rs. 2,50,000 to the Petitioner with 12% interest. The company must file an affidavit of compliance by 01.05.2021, with potential prosecution for non-compliance. Directors were held liable for unauthorized actions, emphasizing the obligation to repay deposits with interest. en-us Mon, 01 Mar 2021 00:00:00 +0530 Thu, 11 Mar 2021 09:14:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405068 The Tribunal found the Respondent company in violation of the Companies Act, 2013, for not repaying deposits and ordered repayment of Rs. 2,50,000 to the Petitioner with 12% interest. The company must file an affidavit of compliance by 01.05.2021, with potential prosecution for non-compliance. Directors were held liable for unauthorized actions, emphasizing the obligation to repay deposits with interest. Case-Laws Companies Law Mon, 01 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405068