https://www.taxtmi.com/caselaws?id=414417 The Company Petition under Section 73(4) of the Companies Act, 2013 for repayment of a deposit with interest at 18% was dismissed by the Tribunal. The petitioner's claim that the amount deposited was a loan to assist the company was refuted as evidence showed the funds were credited to the joint venture entity, not the respondent company. The respondent successfully argued that the payments were for space booking charges in the joint venture project. The petitioner was advised to pursue legal action against the joint venture entity if desired. en-us Wed, 06 Oct 2021 00:00:00 +0530 Mon, 08 Nov 2021 07:00:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414417 The Company Petition under Section 73(4) of the Companies Act, 2013 for repayment of a deposit with interest at 18% was dismissed by the Tribunal. The petitioner's claim that the amount deposited was a loan to assist the company was refuted as evidence showed the funds were credited to the joint venture entity, not the respondent company. The respondent successfully argued that the payments were for space booking charges in the joint venture project. The petitioner was advised to pursue legal action against the joint venture entity if desired. Case-Laws Companies Law Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414417