Legal12 Jun 2026, 08:11 pm
Bilcare Ltd NCLT Order on Fixed Deposit Repayments
AI Summary
Bilcare Limited has received an order from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding the repayment of fixed deposits. The NCLT has condoned the delay in repayment, directed the company to deposit the outstanding amount with accrued interest into the IEPF Deposit Account by July 15, 2026, and to publish notices to unpaid depositors. The company has already repaid ₹168.76 crores and is awaiting details from remaining deposit holders for the balance ₹2.52 crores. Bilcare is taking steps to comply with the NCLT's directions.
Key Highlights
- NCLT condones delay in Bilcare's fixed deposit repayments.
- Company directed to deposit outstanding ₹2.52 Cr by July 15, 2026.
- Notices to be published for unpaid depositors regarding claims.
- Bilcare has repaid ₹168.76 Cr of the total ₹171.28 Cr deposits.
Price Impact
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