The Roys may lose management control at Peerless - Business News: Latest News & Videos about market and economy | Trendmergers

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The Roys may lose management control at Peerless

The National Company Law Tribunal’s (NCLT) Kolkata bench on Monday declared the allotment of shares by the company in favour of the promoters void. The NCLT also pronounced the purchase of company shares by the promoters from Lodha null and void. These transactions took place way back in 1987 and 1988, respectively.

from Industry-Economic Times
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