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 Corporate Laws (Amendment) Bill, 2026, introduced in the Lok Sabha on March 18, 2026, proposes several significant changes to both the Companies Act, 2013 and the Limited Liability Partnership (LLP) Act, 2008. These...
Magnum Ventures Limited (“Demerged Company”) proposes a demerger of its Paper Business into its wholly owned subsidiary Magnum Paperz Limited (“Resulting Company”) and proposes to list the new company post demerger. The...
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...
Aniruddha Jain
