finolex: SC allows Prakash Chhabria's plea, asks scrutiniser to declare Finolex AGM results forthwith
The Supreme Court has accepted Orbit Electricals plea challenging Finolex Cabless decision to withhold AGM results. The court ordered the scrutiniser to disclose the results immediately and stated that the NCLAT can pronounce the judgement later. Orbit Electricals holds a 30.7% stake in Finolex Cables, while Finolex Industries holds 14.51%. Prakash Chhabria, the largest shareholder of Orbit Electricals, and Deepak Chhabria, his cousin and executive chairman of Finolex Cables, are engaged in a st...
Prahlad Chhabria Deepak Chhabria Prakash Chhabria Supreme Court Finolex Industries National Company Law Appellate Tribunal
Source: indiatimes.com