NCLT Hyderabad Directs Emaar Group To Compensate Govt. Of Telangana In The Case Share Transfer To Emmar MGF Land Ltd
2 years, 7 months ago

NCLT Hyderabad Directs Emaar Group To Compensate Govt. Of Telangana In The Case Share Transfer To Emmar MGF Land Ltd

Live Law  

The National Company Law Tribunal, Hyderabad Bench, comprising of Shri Bhaskara Pantula Mohan and Dr. Binod Kumar Sinha, while adjudicating an application filed in Telangana State Industrial Infrastructure Corporation v M/s Emaar Hills Township Pvt. Ltd. & Ors., has allowed a petition filed under Section 241-242 of the Companies Act, 2013 by Telangana State Industrial Infrastructure Corporation against Emaar Hill Township Pvt. While the Company Petition was pending adjudication, Andhra Pradesh was reorganized in 2014 and the Project Property situated in Manikonda Village formed part of Telangana and accordingly it passed from APIIC to TSIIC by operation of law. Case Title: Telangana State Industrial Infrastructure Corporation v M/s Emaar Hills Township Pvt.

Discover Related