Thursday 25 December 2014

Co. couldn't reject redemption on ground of limitation as it had disclosed debenture holders in annu

CL : Where application filed by debentureholders under section 117C(4) of 1956 Act was resisted on ground that it was barred by limitation in terms of Part X, article 113 of Limitation Act, 1963, since names of debentureholders were duly disclosed in annual return of respondent company, aforesaid plea raised by respondent was to be rejected


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