Breaking! High Court India: DBS must create special fund to compensate LVB sholders!

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Breaking! High Court India: DBS must create special fund to compensate LVB sholders!

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29-11-2020, 11:40 PM

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Breaking! High Court India: DBS must create special fund to compensate LVB sholders!

An honorable member of the Coffee Shop Has Just Posted the Following:

HC restrains DBS Bank from acting against interests of LVB shareholders

Suresh Kumar | TNN | Updated: Nov 28, 2020, 07:21 IST

The court said: "Even if the authorities have the power to reduce the share value during an amalgamation under Section 45 of the Banking Regulation Act, reducing it to zero prima facie cannot be done without very very compelling reasons."

A division bench of Justice Vineet Kothari and Justice MS Ramesh also directed the DBIL to furnish an...

Breaking! High Court India: DBS must create special fund to compensate LVB sholders!

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