The interplay between statutory valuation rules and real-world transaction prices often sparks disputes under Section 56(2)(x). In Aathmika Holdings Pvt. Ltd., the Chennai ITAT was called upon to decide whether a negotiated third-party price could override the formula-based FMV prescribed by Rule 11UA.
Exit Opportunity or Forced Eviction? The Contentious Journey of BTL’s Minority Shareholders
The Honourable Supreme Court of India addressed a challenge by minority shareholders against a reduction of share capital. Before we deep dive into the judgment for contextual here is a table outlining the timeline of...
3 weeks ago
Reverse-Listing a Giant: The Absorption of Hinduja Leyland Finance by NDL Ventures
The Scheme of Merger by Absorption provides for the merger of Hinduja Leyland Finance Limited into NDL Ventures Limited pursuant to Sections 230 to 232 of the Companies Act, 2013. The scheme was approved by the...
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Ratchets in M&A: Navigating the tax and regulatory field in India
In today’s deals, investors are taking bolder bets on niche, unproven businesses where future performance is highly uncertain. This makes it even harder — for both founders and investors — to answer a basic question:...
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