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.
India Glycols Limited (“Demerged Company” or “Transferee Company/IGL”) is in the business of manufacturing and marketing ofBio-based Specialities & Performance Chemicals such as Bio-Polymers, Green Solvents...
In October 2024, Pune based Sudarshan Chemical Industries Limited (“SCIL”) took a bold step by announcing the acquisition of “Global Pigment Business Operations of the Heubach Group” (“Heubach”) of Germany. To put in...
Facts of the caseThe board of directors of OneSource Specialty Pharma Limited (“OneSource”) unlisted public company which was supposed to get listed pursuant to the proposed transaction, approved a scheme of arrangement...
Aniruddha Jain
