2016 (2) TMI 1333 - HC - Companies Law

Application for considering charging of interest at the lower rate is pending consideration - HELD THAT - The matter is disposed off at this stage directing the competent authority to decide the petitioners application by reasoned and speaking order after given them an opportunity of hearing within three months from the date of production of certified copy of this order.

Summary

The petitioners' application for lower interest rate is pending before the Housing Commissioner, U.P. Housing and Development Board, Lucknow. The court directs the authority to decide the application within three months after giving the petitioners an opportunity to be heard.