Can a Completed Section 230 Takeover Be Reopened? NCLT on Disinvestment Claims and Minority Exit in TIIC v. Dipak Raj Sood
Introduction Can a state-owned entity bypass statutory takeover procedures under the Companies Act, 2013, by invoking its own internal executive disinvestment guidelines to demand a significantly higher share valuation? In the landmark ruling of Tamilnadu Industrial Investment Corporation Ltd. (TIIC) v. Dipak Raj Sood and Ors1. The National Company Law Tribunal (NCLT) Chennai rejected these contentions. The Bench held that […]
Read More ››



