Loan was given to a body corporate which was found to be in violation of Section 185 of the Companies Act, 2013. The offence was compounded under Section 441 of the Act.
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0-day production
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Description
Loan agreement entered into on 01.04.2013 with Capricorn Food Products India Ltd. agreeing to grant loan. In terms of the said loan agreement the 1 Applicant Company has agreed to lend a sum of up to Rs. 36,00,00,000/-. The 1 Applicant Company from time to time from 01.04.2014 to 31.07.2017 has given amount upto Rs. 36,00,00,000/- to the 2 Applicant and loan amounts were also repaid from time to time and entire amount in full along with interest has been repaid and there is no liability towards the loan as on 18.07.2017.
Key attributes
Place of origin
Chennai, TN, India
Minimum order
0 units
Lead time
0 days
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