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Issuance of NCDs to a selected group via private placement couldn’t be termed as deposits u/s 2(2) of TNPID Act: HC

by CS Rajeev Rawat | Jan 9, 2022 | Cases

In the instant case, R2 being a purchaser of non-convertible debentures of company ITNL and having not received interest as undertaken by ITNL while issuing said debentures lodged a complaint before R1- Economic Offence Wing (EOW) under Tamil Nadu Protection of...

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