https://www.taxtmi.com/caselaws?id=296206 The case involved the redemption of compulsory convertible debentures (CCDs) and reconciliation of interest amounts between the parties. The CCDs with a face value of Rs. 10 Lakhs issued for Rs. 100 Crores will be redeemed in instalments. The parties agreed to reconcile the disputed interest amount and pay future interest as per the subscription agreement terms. They sought court directions to adjourn proceedings until settlement terms were met, with undertakings and affidavits to be filed. Impugned notices were stayed, communication with bankers was required, and the Expression of Interest for sale of equity shares was put on hold. The writ petition was disposed of with agreed terms and compliance measures. en-us Thu, 24 Jan 2013 00:00:00 +0530 Fri, 09 Jul 2021 17:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296206 The case involved the redemption of compulsory convertible debentures (CCDs) and reconciliation of interest amounts between the parties. The CCDs with a face value of Rs. 10 Lakhs issued for Rs. 100 Crores will be redeemed in instalments. The parties agreed to reconcile the disputed interest amount and pay future interest as per the subscription agreement terms. They sought court directions to adjourn proceedings until settlement terms were met, with undertakings and affidavits to be filed. Impugned notices were stayed, communication with bankers was required, and the Expression of Interest for sale of equity shares was put on hold. The writ petition was disposed of with agreed terms and compliance measures. Case-Laws Companies Law Thu, 24 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296206