Minority shareholders exit through Capital Reduction: Judicial Scrutiny of Fairness, Process, and Valuation in Pannalal Bhansali v. Bharti Telecom
Introduction When does a corporate decision, backed by overwhelming majority approval, cross the line into unfair treatment of minority shareholders? This question lay at the heart of Pannalal Bhansali v. Bharti Telecom Ltd.1, where the dispute arose from a reduction of share capital under Section 66 of the Companies Act2, resulting in the forced exit of minority shareholders at a […]
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