HYDERABAD: The Hyderabad bench of the National Company Law Tribunal has restored the stakes of a few individuals who were allegedly duped by the management of Hira Multi Construction Ventures Pvt Ltd. It was alleged that the family of Saudi-based non-resident Indian Habib Abdul Razzaq Hadi Ali Albaghdadi had fraudulently transferred about 50 per cent of shares in the company …
Hyderabad: Ruling that they had played fraud in transfer of shares, the National Company Law Tribunal has ordered the city-based Hira Multi Construction Ventures Pvt Ltd to rectify the records suitably. “We have no hesitation to hold that the respondents indulged in fraud and perpetuating fraudulent acts,” observed the bench, comprising A. Veera Brahma Rao and Dr N.V. Ramakrishna Badrinath …
