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New Scheme Filed to Adjust Deposit Repayment Schedules; Strict Adherence to Company Law Provisions Required, No Multiple Applications Allowed.
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....Repayment of deposits - Fresh Scheme filed to re-fix schedules/instalments - We cannot read or add words like “from time to time” in the provision as no such multiple applications are provided for. Else, the provision will become a tool to stall recovery suits and Insolvency Proceedings, which cannot be allowed.....