https://www.taxtmi.com/caselaws?id=302890 The Company Law Board (CLB) directed CEPL to repay investments with interest to ORE and Athappan within 12 months. SBI was authorized to release 50% of fixed deposit proceeds to investors. ORE and Athappan were restrained from acting as directors, allowing C.G. Holdings and KCP to manage CEPL. Failure to comply would result in VML properties going to ORE. Various operational directions were given to ensure implementation of the CLB order and protect all parties' interests. en-us Mon, 03 Aug 2009 00:00:00 +0530 Thu, 23 Jun 2022 10:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302890 The Company Law Board (CLB) directed CEPL to repay investments with interest to ORE and Athappan within 12 months. SBI was authorized to release 50% of fixed deposit proceeds to investors. ORE and Athappan were restrained from acting as directors, allowing C.G. Holdings and KCP to manage CEPL. Failure to comply would result in VML properties going to ORE. Various operational directions were given to ensure implementation of the CLB order and protect all parties' interests. Case-Laws Companies Law Mon, 03 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302890