Remedies available for Preference shareholders in relation to redemption of preference shares
Last updated: 06 July 2022
Court :
NCLAT
Brief :
The present Appeal has been filed by the Appellant w.r.t the NCLT, Chennai Bench (Tribunal) order who has dismissed the application of Appellant solely on the ground that the Appellant being preferential shareholders has no locus standi to file application for redemption of shares under Section 55(3) of the Companies Act, 2013 or even under Section 245 of the Companies Act, 2013.
Citation :
Bank of Baroda (Appellant) vs. Aban Offshore Limited (Respondent) NCLAT Company Appeal (AT) No. 35 of 2019 Dated:29/01/2020
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 856
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