Home Case Index All Cases Indian Laws Indian Laws + SC Indian Laws - 2020 (2) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (2) TMI 33 - SC - Indian LawsRecovery alongwith interest - restraint from making any payments towards their fixed deposits - HELD THAT:- It is deemed not necessary to examine the merit of the contentions made by the learned Senior Counsel. The depositors are being represented by the Authorized Representative before the Committee of Creditors. We leave it open to the Appellants to raise all points and contentions before the Committee of Creditors, the Administrator and if necessary, the NCLT - In view of the above, we are not inclined to interfere with the decision of the Committee of Creditors taken on 30.12.2019. We are informed that there are nearly one lakh depositors who have invested their life time earnings with Respondent No.1. Some of the deposits have matured and some of the depositors are critically ill. We have no doubt that the concerns of the depositors and their rights shall be considered in accordance with law. Appeal disposed off.
|