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.
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...
5 days 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...
6 days ago
The Fine Print of QIP: Examining OneSource’s Eligibility After Scheme of Arrangement
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...
7 days ago