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1993 (9) TMI 280 - STATE CONSUMER DISPUTES REDRESSAL COMMISSIONDeficiency - Complainant applied for debentures of respondent-company which were allotted to him vide letter dated 14-8-1984 - Debentures were to be redeemed by respondent at par on expiry of seventh, eighth and ninth year - Respondent did not redeem part of debentures on expiry of the year and showed its inability to do so - A resolution was passed by respondents in their general meeting by which instalments were re-scheduled - It was stated that it was subject to approval of holders of 13.5 secured non-convertible part of debentures, Controller of Capital Issues, Financial Institutions, etc. - It was not shown that approval of resolution had been given by said persons/authorities - Whether said resolution was binding on complainant - Held, no
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