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
date of
redemption as on 16-12-2003 the amount payable per bond is Rs.15,135/-. Payment on redemption/Early Redemption ... condition reads as follows:
Payment on
Redemption/Early Redemption
Payment
on redemption or early redemption of the Bonds will be made only on the
surrender
name. As per the Bonds, maturity
value of it on early redemption by either party was as under ... complainant never exercised the option of early redemption
of the Bond at any time. However, she was shocked to receive a letter
dated 29.4.2009 from
allotments. The
Company and the debenture holder may mutually agree for early
redemption of the outstanding debentures on any date after
expiry of 30 days ... Investor;
v. The Issuer and the Investor may mutually agree for early
redemption of the unconverted portion of the instruments,
after expiry of 30 days
financial year 1993-94, collected Rs. 3.20 crores as early
redemption charges on pre-payment of an amount of Rs. 154 crores ... than scheduled. It has, therefore, been decided not to levy
any early redemption charges for loans to non-residents Indians......'
(Para 7 of internal
these bonds and the maturity value was
payable only upon maturity/early redemption of the bonds, no entry
was passed in the books of account ... issue of the above bonds, ICICI Ltd exercised the option of Early
Redemption of the Bond and paid Rs. 11,000 per bond
complainant never opted for early redemption and waited to
redeem the bonds at the maturity date i.e. 31.03.2017. After the date
of maturity ... conclusion that
the complainant was not informed about the early redemption of bonds
by it and accordingly had held the appellants deficient in service
disputed that complainants purchased bonds issued by OP and early redemption option was given to the investor as well OP. Terms and conditions attached with ... from 06.09.2009, and not from 06.09.2000, the date on which the early redemption of the bond was notified by the respondent IFCI.
The submission
premium. The OP by
letter dated 18.12.05 informed the proposer that early redemption charge was
mentioned in the key features brochure.
Heard Mr. D. Dutta ... indexation or any other increase to the regular
premium. The Early Redemption Charge
has been defined as a deduction to the value of units based
