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 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’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 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 Initiates Insolvency Proceedings Against Ritu Chhabria For ₹30.29 Crore Default Case
The National Company Law Tribunal (NCLT) has initiated an insolvency resolution process against Ritu Chhabria, the personal ...
Good news for Anil Ambani as NCLAT dismisses tax claim against Reliance Communication filed after…
A two-member bench of the NCLAT upheld the previous ruling by the Mumbai bench of the National Company Law Tribunal (NCLT), ...
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 ...
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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), ...
NCLAT rejects tax claim against Reliance Communications
The NCLAT has set aside a petition filed by the tax department claiming dues from Reliance Communications (RCom). The tribunal observed that the claim was based on the assessment made after the ...
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 ...
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 ...
NCLT recalls order on Zee-Sony merger, allows withdrawal of scheme
The National Company Law Tribunal (NCLT) has allowed withdrawal of its order approving the merger of Zee Entertainment and ...
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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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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.