discount. The relevant clause relating to premature option for early
redemption reads as follows:-
"(2) Early Redemption.
The holder(s) of the Bond ... Company shall
have the option of Early Redemption of the Bond
only at the date and at the Deemed Face Value
mentioned below
failed to pay Rs.397,88,22,896/- towards early
redemption. Defendant no.1 also failed to pay interest and repay principal
due during August ... defendant's NCDs, the plaintiff could exercise an early redemption option and
upon exercising such option, defendant no.1 was required
When an entity extinguishes a convertible instrument before maturity through an early redemption or repurchase in which the original conversion privileges are unchanged, the entity ... allocates the consideration paid and any transaction costs for the repurchase or redemption to the liability and equity components of the instrument at the date
clear working days from the date of tender of application for early redemption. In case the bank does not comply with the above
Resident investor shall need to hold the security till early redemption or till maturity; Provided further that the interest and maturity proceeds of the investment
Resident investor shall need to hold the security till early redemption or till maturity; Provided further that the interest and maturity proceeds of the investment
Resident investor shall need to hold the security till early redemption or till maturity; Provided further that the interest and maturity proceeds of the investment
value mentioned, provided annual
redemptions under the scheme have not started:
Early Redemption Deemed Face Applicable to
Date Value (per
bond)
on Sept ... procedure for redemption/early redemption prescribed in the
prospectus issued by IFCI, is as follows:
"Payment on redemption or early redemption of the Bonds
complainant never
opted for early redemption of the bonds, nor he ever received any
notice from the OPs for redemption of the said bond ... redeemed the said bond early and paid a sum of Rs.16901/-
only, whereas he never opted for early redemption of the bonds
Procedure for Redemption / Early Redemption by Investors
The bond holders desirous of exercising the option of redemption / early redemption of the bonds ... Time Redemption' under the Clause 'Any Time Liquidity' were different from the terms of redemption under the Clause 'Early Redemption Option
