NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI
THANKS & REGARDS,
TUSHAR S AGARWAL
M# 98246 01977
M# 94261 31075
Please read :-
Valuers Should be Fair / Honest
Compulsory Buyback / Capital Reduction - Bad in Law - Are Anti Public Shareholders - Reed Relays Latest
ctober 07, 2017
Reed Relays Cancels Public Shares @ Rs.107- Shareholders Aggrieved
for mailing a copy of Hon'ble NCLT Chennai Order dt. 04/10/2017, Order No.CP 21 / 66 ( 1 ) / CB / 2017 , under Section 66 ( 1 ) of The Companies Act 2013.
The operative part of the Judgement is that Hon'ble NCLT has accepted Reed Relays ' case in totality . Shares of Non Promoters would be compulsorily cancelled @ Rs. 107 ( as determined by valuers appointed by Reed Relays.
The Blog wishes to place on record the spirited objection put up by the leading Share Dealer of Chennai , Dilip Surana .
We wish more such Pro Public, Pro Active Shareholders Guides come forward,
Great Work : Mr. Dilip Surana
September 19, 2017
Shareholders should not give up . Resources should be contributed ( Contri ). An Appeal should be filed
with and an Interim Stay applied for
National Company Law Appellate Tribunal
Grounds of Appeal
Hon'ble NCLT has erred in observing that NCLT cannot increase the price of compulsory acquisition . It can as was done by the Hon'ble Hiigh Court of Bombay in the case of Cadbury.
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