NCLT refrains Byju’s Aakash Institute from tinkering with minority shareholders rights, ET LegalWorld
The National Company Law Tribunal (NCLT) on Wednesday passed an order refraining the Think & Learn subsidiary Aakash Institute from amending the company’s articles of association (AoA) which sought to remove the rights of minority shareholders. On Tuesday, the minority shareholders of Aakash filed a mismanagement and oppression petition against the current management of the […]
SC overrules 1967 verdict holding AMU can’t be minority institution, ET LegalWorld
The Supreme Court on Friday deferred the question of Aligarh Muslim Unversity’s minority status to a fresh bench and overruled the 1967 judgement that said the university cannot be considered a minority institution since it was created by a central law. Pronouncing the majority verdict, Chief Justice D Y Chandrachud laid down tests for considering […]
SC overrules 1967 order denying minority status, refers it to regular bench, ET LegalWorld
The Supreme Court of India on Friday ruled that Aligarh Muslim University (AMU) is entitled to minority status under Article 30 of the Constitution of India, overruling the 1967 verdict. However, the court has transferred the case to a regular bench. The a five-judge Constitution Bench of the Supreme Court, in 1967, had ruled that […]
SC to deliver its verdict in AMU minority status case today, ET LegalWorld
A seven-judge Constitution Bench of the Supreme Court will deliver on Friday its judgment on the issue of minority status of the Aligarh Muslim University (AMU). As per the causelist published on the website of the apex court, the Chief Justice of India (CJI) DY Chandrachud-led Constitution Bench will pronounce its judgment today. In February […]
SC to pronounce verdict on AMU’s minority status on Nov 8, ET LegalWorld
The Supreme Court is scheduled to pronounce its verdict on Friday on a vexed legal question whether the Aligarh Muslim University (AMU) enjoyed a minority status under Article 30 of the Constitution which empowers the religious and linguistic minorities to establish and administer educational institutions. A seven-judge constitution bench headed by Chief Justice D Y […]
Delhi HC permits minority category student to attend classes in St Stephen’s, ET LegalWorld
The Delhi High Court on Monday permitted a minority category student to attend classes amidst a purported seat allocation dispute between St Stephen’s College and Delhi University (DU). A bench of Chief Justice Manmohan and Justice Tushar Rao Gedela was dealing with the appeals filed by the college and the student against a single-judge’s decision […]
NCLT dismisses Philips India plea to buy out minority stake over huge valuation difference, ET LegalWorld
The National Company Law Tribunal has dismissed the petition by Philips India to buy out the remaining 3.87 per cent from its minority shareholders, observing a “huge difference” between values determined by the company-appointed valuer and its minority investors. The Kolkata bench of NCLT though agreed with the “discounted cash flow method” adopted by the […]
Naspers gets CCI’s clearance to buy minority stake in Vastu Housing Finance Corp, ET LegalWorld
Fair trade regulator CCI on Tuesday cleared South Africa-based Naspers’ proposal to acquire a minority stake in Vastu Housing Finance Corporation Ltd. Naspers Ventures BV is an indirect and wholly-owned subsidiary of leading global technology investor Prosus NV. Naspers is an investment holding company and its principal activity is to make investments by providing direct […]