Hon’ble Supreme Court in their order dated 4th January 2023 decides jurisdictional powers between Securities and Exchange Board of India (SEBI) and National Company Law Tribunal (NCLT) in the matter of IFB Agro Industries Limited (Appellants) v SICGIL India Limited (Respondents) while deciding rectificatory jurisdiction of NCLT.
Mukand Limited – Business Undertaking from its subsidiary demerged into holding company
Recently Hon’ble National Company Law Tribunal, Mumbai Bench (“NCLT”) sanctioned the Scheme of Arrangement (“the Scheme”) between Mukand Sumi Metal Processing Limited (“Demerged Company” or “MSMPL”), wholly owned...
2 days ago
Indian Glycol Group Realigns Business Segments: A Strategic Merger and Demergers to Enhance Efficiency
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...
4 weeks ago
Sudarshan Chemical completes Heubach Group acquisition – Integration shall be Key
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...
4 weeks ago