NCLT Dismisses Philips India's Petition Amid Valuation Discrepancies
The National Company Law Tribunal (NCLT) has dismissed the petition by Philips India to buy out the remaining 3.87% from its minority shareholders due to significant valuation differences. The tribunal agreed with the valuation method but highlighted price discrepancies.
NCLT dismisses Philips India plea to buy minority stake over valuation gap
The National Company Law Tribunal has dismissed the petition by Philips India to buy out the remaining 3.87 per cent from its minority shareholders, observing a "huge difference" between values determined by the company-appointed valuer and its minority investors.
NCLT rejects Philips India’s plea to buy out minority shareholders’ stake, again
Philips India has faced a setback in its third attempt to acquire the remaining stake held by minority shareholders in Philips NV. The National Company Law Tribunals Kolkata bench dismissed the application due to significant valuation disparities.
NCLT dismisses Philips India plea to buy out minority stake over huge valuation difference
Philips India was delisted from the stock exchanges in 2004; now, 96.13 per cent of the shareholding of Philips India is held by Koninklijke Philips NV, which is a group company
NCLT Rejects Philips India Buyout Bid: Valuation Gap Too Wide
The National Company Law Tribunal dismissed Philips India's plea to buy out minority shareholders due to a massive valuation difference between the company's appointed valuer and minority investors.
NCLT directs IRP to respond to 26,000 homebuyers of Supertech
The National Company Law Tribunal has directed the interim resolution professional to respond to applications filed by ...
NCLAT rejects state tax claim on Reliance Communications filed for assessment year after insolvency initiation
The NCLAT upheld the earlier NCLT Mumbai bench order which rejected the state tax department's second claim of ₹6.10 crore on ...
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ICICI Securities Delisting Saga: NCLT Ahmedabad Demands Disclosure of SEBI Exemption Order
In a significant development in the ongoing ICICI Securities delisting controversy, the National Company Law Tribunal (NCLT) ...
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NCLT approves Network18’s merger with TV18 and E18: Report
Network18 Media and Investment’s merger with TV18 and E18 has been approved by the National Company Law Tribunal (NCLT), ...
Zee-Sony merger: NCLT recalls approval of $10 billion deal after both parties agree to terminate scheme, settle claims
The NCLT recalled its approval of the Zee Entertainment and Sony Pictures merger after both parties agreed to withdraw due to ...
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Power of NCLT to Call AGMs and EGMs of Members
1. The Application to the Tribunal for Holding the AGM must be made by the member of the company. 2. Member means the member ...
NCLT grants final approval for merger of TV18 and E18 into Network18
Once the merger with Network18 is fully approved by the Ministry of Information and Broadcasting (MIB), both E18 and TV18 ...
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NCLAT rejects tax claim against RCom filed for assessment year after initiation of insolvency
A two-member NCLAT bench upheld the earlier order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), ...
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Raymach Tech withdraws insolvency plea against SpiceJet after settlement
The National Company Law Tribunal (NCLT) had earlier been informed of the settlement, which was reached on June 7.