https://www.taxtmi.com/caselaws?id=299608 The Company Law Board (CLB) held that Section 117C of the Companies Act, 1956 applies to all debentures, regardless of issuance date, and directed the Companies to redeem debentures for non-redemption. The Companies were ordered to pay the principal amount and interest due by a specified date. The CLB emphasized the provision's retrospective application to protect debenture holders' interests, similar to other statutes. Applications from debenture holders were deemed maintainable, and the Companies were instructed to fulfill redemption obligations without costs awarded. 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 The Company Law Board (CLB) held that Section 117C of the Companies Act, 1956 applies to all debentures, regardless of issuance date, and directed the Companies to redeem debentures for non-redemption. The Companies were ordered to pay the principal amount and interest due by a specified date. The CLB emphasized the provision's retrospective application to protect debenture holders' interests, similar to other statutes. Applications from debenture holders were deemed maintainable, and the Companies were instructed to fulfill redemption obligations without costs awarded. Case-Laws Companies Law Thu, 05 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299608