Finolex Cable News Today

Jammu Tawi: Finolex Cables Ltd., a key player in the optic fibre cables sector, has taken a substantial leap towards fostering economic growth and development by formalizing a Memorandum of Understanding (MoU) with the Department of Industries, Government of Maharashtra. This strategic partnership sets the stage for Finolex Cables' significant investment of Rs. 580 crores,

Prabhudas Lilladher recommended accumulate rating on Finolex Industries with a target price of Rs 247 in its research report dated January 23, 2024.

Dublin, Jan. 12, 2024 (GLOBE NEWSWIRE) -- The

The Supreme Court challenges NCLATs defiance, shedding light on judicial accountability and the complexities of the Finolex Cables succession dispute

The order was related to the annual general meeting (AGM) of Finolex Cables and Prakash Chhabria and Deepak Chhabrias legal tussle over the management control of the company.

In this matter, a three-member apex court bench headed by Chief Justice DY Chandrachud on October 13, directed the NCLAT to proceed to its judgment and declare the results of the meeting only after getting the scrutinisers report.

The National Company Law Appellate Tribunal (NCLAT) has suspended its order regarding the disclosure of the results of Finolex Cables annual general meeting (AGM) after an enquiry by the Supreme Court. The Supreme Court had directed the NCLAT chairperson to conduct an enquiry following an allegation that one of its benches delivered an order without following the top courts directions.

The tussle between the two factions of the Chhabria family, fighting for the control of Finolex Cables Ltd, is among the many family feuds that are currently on show and promises to be more entertaining than some of the competing ones!

The order was related to the annual general meeting of Finolex Cables and Prakash Chhabria and Deepak Chhabria's legal tussle over the management control of the company

Shareholders of Finolex Cables have rejected the reappointment of Deepak Chhabria as executive chairman, according to the company. The decision comes after the Supreme Court ordered the disclosure of voting results for the resolution, which had been withheld by the company. Prakash Chhabria-led Orbit Electricals, a promoter of Finolex Cables, took the matter to the Supreme Court, contesting the non-disclosure. A majority of shareholders, including 93.21% of the promoters, voted against Chhabrias...