https://www.taxtmi.com/caselaws?id=437056 Section 71(10) of the Companies Act, 2013 requires the Tribunal to hear the parties concerned before ordering redemption of debentures, and Rule 73 of the NCLT Rules, 2016 extends that hearing requirement to any other person interested in the matter. The expression "person interested" is broad enough to include creditors and other affected stakeholders, especially where a redemption order may impact the company's financial position and resolution efforts. A refusal to hear such parties on a narrow reading of the rules creates procedural infirmity, and the redemption order may require reconsideration after hearing all concerned persons. en-us Wed, 26 Apr 2023 00:00:00 +0530 Thu, 27 Apr 2023 08:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437056 Section 71(10) of the Companies Act, 2013 requires the Tribunal to hear the parties concerned before ordering redemption of debentures, and Rule 73 of the NCLT Rules, 2016 extends that hearing requirement to any other person interested in the matter. The expression "person interested" is broad enough to include creditors and other affected stakeholders, especially where a redemption order may impact the company's financial position and resolution efforts. A refusal to hear such parties on a narrow reading of the rules creates procedural infirmity, and the redemption order may require reconsideration after hearing all concerned persons. Case-Laws Companies Law Wed, 26 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437056