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Court Rules Interest from Escrow Must Be Deposited into IEPF u/s 125, Not Retained by Petitioners.

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....Interest earned on the aggregate escrowed amount - Liability of the petitioners to deposit to the Investor Education Protection Fund (IEPF) under Section 125 of the Companies Act, 2013 - The purpose of the creation of the IEPF would itself be defeated if the petitioner is permitted to usurp the said interest. Hence, it cannot be said that the petitioner is entitled to such interest in any manner. - HC....

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Court Rules Interest from Escrow Must Be Deposited into IEPF u/s 125, Not Retained by Petitioners.