Recently, the Hon’ble Kolkata Bench of the National Company Law Tribunal (“NCLT”) rejected a scheme of Capital Reduction (“Scheme”) filed by Phillips India Limited (“PIL” or Petitioner Company”) which inter-alia provides for the compulsory exit of minority shareholders.
This Scheme is presented under Sections 230 to 232 and other applicable provisions of the Act for the amalgamation of the Transferor Company with the Transferee Company with effect from the Appointed Date in accordance...
The Board of Directors of ACC Limited and Ambuja Cements Limited has approved a Scheme of Amalgamation under which ACC (Amalgamating Company) will merge with Ambuja Cements Limited (Amalgamated Company) under Sections...
Coforge Limited (“Coforge” formerly NIIT Technologies Limited) is a global digital services and business solutions provider that leverages emerging technologies and deep domain expertise to deliver real-world impact for...
Aniruddha Jain
