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NCLT Approves Greenwood’s Acquisition of Minority Shares in Aranca Despite Pending Appeal
Case Law Details
- Case Name
- In re Greenwood Research & Management Limited (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- Courts
- NCLT
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In re Greenwood Research & Management Limited (NCLT Mumbai)
The National Company Law Tribunal (NCLT), Mumbai Bench, sanctioned a Scheme of Arrangement under Sections 230 to 232, Section 230(11), and Section 234 of the Companies Act, 2013, approving the takeover of 21,355 equity shares (0.551% of the shareholding) held by a minority shareholder in Aranca (Mumbai) Private Limited by Greenwood Research & Management Limited. The petitioner, formerly known as Greenwood Investment (Mauritius) Limited, sought approval of the second motion petition after the Tribunal had earlier granted libert...
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