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
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
made following additions (i) foreclosure
cost on account of early redemption of preferential shares under
section 115JB of the Act amounting to ₹200 crores ... crores is on
account of adjustment of foreclosure cost on early redemption of
preferential shares added by the AO under section 115JB
Debentures, along with accrued
but unpaid Interest, Redemption Premium, Early Redemption Costs, and
other costs, charges and expenses incurred under or in connection with
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 ... clear working days from the date of tender of application for early redemption. In case the bank does not comply with the above
point of clog on redemption is concerned we are not in
agreement with the appellants/writ petitioners. The term redemption is
normally associated with ... restore the mortgagors' right of redemption. It
is, therefore, a settled position that the right of redemption can always
be attached with a condition
Debt Recovery Waved Scheme of 2008 otherwise petitioner was entitled for redemption upto Rs.1,00000/- He further submits that he has no intention ... remain defaulter and would like to get the loan amount repaid as early as possible.
Sri P.N.Tripathi, learned counsel for the respondent bank
This rush to
sell the property when there are suits for redemption and other
subsequent suits for injunction are pending, reflects the fraudulent
intent ... plaintiff. The
plaintiff Vide his Ext.P-8 communication dated as early as on
21.03.1997, has addressed the first defendant that he would
bonds. It is stated that at the time of call option, the redemption amount was Rs.12000/- against the investment of Rs.2700/- for each ... from 31.3.1992. It is stated that the OPs exercised the option of redemption of bonds after 10 years i.e. on 31.3.2002 when the deemed
Limitation Act as well as with regard to the
redemption of mortgage by co-owners, by taking the aid of the judgment ... whereby while admitting the appeal and to be taken up very
early, this Court had determined mense profits by calling upon the
appellants-defendants
