nature of Optionally Convertible
Debentures (hereinafter referred to as 'OCDs'), the present appears
are preferred.
2. Appellant Neesa in the years ... issued
OCDs to total 156 entities. Those were issued to 85 investors in the
year 2012-13 and 71 investors during the financial year
directing the appellant to refund the amount collected
through Optionally Convertible Debentures (OCD) jointly and
severally along with other Directors together with interest ... investors, issuance of NCDs and issuance of OCDs.
The appellant filed Criminal Writ Petition No. 1117 of 2017
which was allowed by judgment
company) by the Appellants. On 31.5.2000 The company issued Optionally Convertible Debentures (OCDs) on preferential allotment basis to the promoters. The terms of issue ... OCDs provided that 50% of the OCDs were compulsorily convertible into equity shares at the end of 18 months and the balance
Appellants. On 31-5-2000. The company issued Optionally Convertible Debentures (OCDs) on preferential allotment basis to the promoters. The terms of issue of OCDs ... provided that 50% of the OCDs were compulsorily convertible into equity shares at the end of 18 months and the balance
Directors directing refund of the money collected through
Optionally Convertible Debentures ("OCDs" for convenience)
along with interest and further debarring the Directors ... found that Helios Corporation had made an offer
3
of OCDs during 2003-2004 to 2008-2009 and raised an amount
financial affairs. In fact, all
group level fund raising through FD, OCD, NCD and other financial
products was given to one Mr. Rahul Shah under
Unsecured Optionally Convertible Debentures (hereinafter
referred to as 'OCDs') resulting in the increase in the shareholding of
the acquirer from
Unsecured Optionally Convertible Debentures (hereinafter
referred to as 'OCDs') resulting in the increase in the shareholding of
the acquirer from
Unsecured Optionally Convertible Debentures (hereinafter
referred to as 'OCDs') resulting in the increase in the shareholding of
the acquirer from
Unsecured Optionally Convertible Debentures (hereinafter
referred to as 'OCDs') resulting in the increase in the shareholding of
the acquirer from
