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HomeCompany & PMLANCLAT Upholds Bharti Telecom’s Selective Capital Reduction; Allows Squeeze-Out of Minority Shareholders...

NCLAT Upholds Bharti Telecom’s Selective Capital Reduction; Allows Squeeze-Out of Minority Shareholders at Rs. 196.80 per Share

Company & PMLA

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By Mariya Paliwala
NCLAT Upholds Bharti Telecom’s Selective Capital Reduction; Allows Squeeze-Out of Minority Shareholders at Rs. 196.80 per Share

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The National Company Law Appellate Tribunal (NCLAT) has upheld the legality of Bharti Telecom Limited’s selective reduction of share capital and dismissed a batch of appeals filed by minority shareholders challenging the valuation and process adopted by the company. The bench of Justice Rakesh Kumar Jain (Judicial Member), Naresh Salecha (Technical Member); and Indevar Pandey…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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