2016 (12) TMI 62

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....ication inviting objections was duly made in the newspapers Financial Express and Jansatta dated 25.08.2016, pursuant to which several objections were received and placed before this Bench. 2. As the initial proposal submitted in the petition did not find favour with this Bench, a fresh proposal has been given by the Ld. Counsel for the petitioner. Some of the depositors are present in Court and have expressed their satisfaction over it. 3. It is submitted by the Ld. Counsel for the petitioner that the company has never defaulted in fulfilling its Statutory Obligations as well as towards the depositors in the past. Extension of time to liquidate the matured fixed deposits has been prayed for as the Real Estate Industry has been depres....

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....EVISED REPAYMENT SCHEDULE SHOWING CATEGORYWISE REPAYMENT OF DEPOSITS AT DIFFERENT PERIODS IN PERCENTAGE TERMS (Payment of FDRs in %age) Category (Rs.) On Maturity i.e. 0M After 6 Months i.e. 6M After 9 Months i.e. 9M After 12 Months i.e. 12M After 18 Months i.e. 18M After 24 Months i.e. 24M Total Upto 50000 100 - - - - - 100 More Than 50000-Upto 100000 50 25 25 - - - 100 More Than 100000-Upto 200000 40 10 20 15 15 - 100 More Than 200000-Upto 500000 Maturing upto 31.03.2018 15 5 10 15 25 30 100 Maturing after 31.03.2018 15 - 15 15 25 30 100 More Than 50000 Maturing Upto 31.03.2018 15 - ....