TaxTMI 
TaxTMI 
1993 (9) TMI 280
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....lin Talwar for the Respondent. ORDER Justice R.N. Mittal, President - This order will dispose of A-234 and A-228 of 1992 which contain common questions of law and fact. 2. The facts in the judgment are being given from A-234 of 1992. The complainant applied for 10 debentures of the respondent-company which were allotted to him vide letter, dated 14-8-1984. According to condition No. 4, the deb....
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....trict Forum held that in view of the resolution passed in the annual general meeting of the respondent-company for extending the date of re-payments of the instalments for redemption of debentures in 1991, the respondent-company could not be accused for any deficiency in service. Consequently, it dismissed the complaint. The complainant has come up in appeal against the said order to the Commissio....
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....ent that even a meeting of the debentureholders has not been convened by the company till date. Mr. Talwar has fairly admitted before us that the resolution sent to Financial Institutions and Reserve Bank of India for their approval, is still under their consideration. In the circum-stances, it cannot be held that the resolution is binding on the complai- nant. If it is so, the respondent cannot t....