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.
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...
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...
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:...
Aniruddha Jain
