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.
Dollar Industries Limited (“DIL”) is a leading player in the Indian hosiery and knitwear sector. The Company primarily engages in two key activities: (a) procurement of raw cotton, and (b) manufacturing of...
The Board of Directors of Jubilant Agri and Consumer Products Limited (JACPL) has approved the demerger of its Agri Business into Jubilant Agri Solutions Limited (JASL). This marks another significant restructuring...
In a strategic move aimed at portfolio realignment, GE Power India Limited has announced the proposed hive-off of its Durgapur boiler manufacturing facility to JSW Energy Limited through a scheme of arrangement, marking...
Aniruddha Jain
