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Delhi High Court upholds rejection of Reebok India's conversion to Limited Liability Company

Dismissing Reebok Indias petition, Justice Subramonium Prasad said that the reasons given by the RoC in rejecting the Reeboks application on the ground that various prosecutions have been filed by the Serious Fraud Investigation Office against it for offences under the Companies Act and the Indian Penal Code cannot said to be so perverse, especially keeping in mind the interest of shareholders and the interest of creditors.
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