Appeal has been filed before Hon’ble National Company Appellate Law Tribunal (“NCLAT”) by Oriental Carbon & Chemicals Limited (“Appellant” or “Demerged Company”) against an order dated 10 April 2024 (“Impugned Order”) by the National Company Law Tribunal, Ahmedabad Bench (“NCLT”) for altering the Appointed Date.
Akzo Nobel restructures India business to focus on Liquid Paints Business
In the past few months, Akzo Nobel India Limited has been in focus as its Dutch promoter is contemplating a sale of its equity shares of Akzo Nobel India Limited. Amidst these rumours, Akzo Nobel India Limited announced...
1 week ago
Transfer of Assets and no Liabilities to be treated as Non-Compliant Demerger – ITAT, Ahmedabad
Recently, the Ahmedabad Bench of the Income Tax Appellate Tribunal (“ITAT”) upheld the order of the learned Commissioner of Income Tax (appeals) treating the transfer of “Treasury Business” as non-compliant demerger u/s...
1 week ago
Coforge’s Inorganic Growth Strategy: Merger post-acquisition in target companies
Coforge Limited in 2024 acquired a controlling stake in Cigniti Limited to quicken its journey to become a USD 2 billion company, after acquiring the controlling stake, Coforge has now announced a merger of Cigniti...
1 week ago