2016 (7) TMI 765

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....st the petitioner company on 11-3-2016 tor repayment of Rs. 30 crores on or before 30-6-2016 to pay Rs. 10 crores each on 30-4-2016, 31-5-2016 and remaining Rs. 10 crores on 30-6-2016, but no payment has been made. 2. Initially, the MD of the company filed an affidavit on 10-3-2016 undertaking to pay a sum of Rs. 30 crores in the following six months starting from 1-2-2016 till 30-9-2016, to the ....

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....stands dismissed." 4. This Bench, since 14-5-2015, gave several adjournments in this matter hoping that the company would repay money to the depositors at least as per the undertakings given by the company, but till date, no undertaking has been complied with. In the past, this Bench even appointed a sale Committee on 15-7-2015 to generate funds by selling the properties of the company but no pro....