https://www.taxtmi.com/caselaws?id=299608 Section 117C(4) of the Companies Act, 1956 was read as a beneficial investor-protection provision that applies to debentures issued before the 2000 amendment if they were still outstanding and pending redemption when the provision commenced. The language was treated as plain and unqualified, so it was not confined to post-13-12-2000 issuances. On that construction, the Company Law Board has jurisdiction to direct repayment on default at maturity, consistent with the provision's purpose and its analogy to other investor-protection remedies for matured but unpaid obligations. en-us Thu, 05 Sep 2002 00:00:00 +0530 Wed, 22 Dec 2021 18:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299608 Section 117C(4) of the Companies Act, 1956 was read as a beneficial investor-protection provision that applies to debentures issued before the 2000 amendment if they were still outstanding and pending redemption when the provision commenced. The language was treated as plain and unqualified, so it was not confined to post-13-12-2000 issuances. On that construction, the Company Law Board has jurisdiction to direct repayment on default at maturity, consistent with the provision's purpose and its analogy to other investor-protection remedies for matured but unpaid obligations. Case-Laws Companies Law Thu, 05 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299608