clear working days from the date of tender of application for early redemption. In case the bank does not comply with the above
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
14433/2008 CAV JUDGMENT
the financial loss on account of early redemption of
the Bonds.
Representative facts from main Petition
3.2 As the arguments were
Plaintiff, in exercise of its right of early redemption under Condition
12.1(a) and Condition 12.2 of Schedule 3 of the Debenture Trust Deeds ... value on 3rd July, 2012 (hereinafter
referred to as the “Early Redemption Date”) and to credit the Principal
Redemption Amount alongwith interest accrued and unpaid
Plaintiff, in exercise of its right of
early redemption under Condition 12.1(a) and
Condition 12.2 of Schedule 3 of the Debenture Trust
Deeds ... value on 3 rd July, 2012
(hereinafter referred to as the “Early Redemption
Date”) and to credit the Principal Redemption
Amount alongwith interest accrued
further observed that SSNNL has treated the
differential between the redemption value and the purchase value as Interest
on Securities and deducted TDS and therefore ... necessary
law to repay Rs.50,000/- per bond towards 'Early Redemption' and
published official notice dated 3/11/2009, for the interest
appellant were rendered in a different
factual context i.e. early redemption of deep discount bonds and the same
cannot be applied to the facts
clear working days from the date of tender of application for early redemption. In case the bank does not comply with the above ... every year. The Bonds are redeemable on .................................. with the option for early redemption from fifth year on interest payment dates. vkosnu izkIrdrkZ dk;kZy; Application
clear working days from the date of tender of application for early redemption. In case the bank does not comply with the above ... every year. The Bonds are redeemable on ------------ with the option for early redemption from fifth year on interest payment dates. Application Receiving Office name- This
clear working days from the date of tender of application for early redemption. In case the bank does not comply with the above ... every year. The Bonds are redeemable on .................................. with the option for early redemption from fifth year on interest payment dates. vkosnu izkIrdrkZ dk;kZy; Application