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2019 (3) TMI 673 - Tri - Companies LawFailure to repay the amounts borrowed from the depositor - section 73 of the Companies Act, 2013 - Held that:- The petitioner has not given all the material facts with regard to the invoking of section 73 of the Companies Act, 2013, no company shall invite, accept or renew deposits under this Act, from the public except in a manner provided under this Chapter - Admittedly, the petitioner has not filed any document to show any invitation was issued by the company from the public including the petitioner. The petitioner has not produced any material to show that in response to notification they have deposited the money primary company petition (sic). It is very clear that the applicant has not deposited the amount pursuant to any invitation made by the company. However, for inviting any public deposit. Therefore, the claim of the petitioner is not maintainable under section 73(4) of the Companies Act, 2013 and is misconceived - petition dismissed.
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