Page 5 - Finolex Cable News Today : Breaking News, Live Updates & Top Stories | Vimarsana

prakash chhabria: Finolex Cables shareholders reject Deepak Chhabria s reappointment as chairman amid SC dispute

Shareholders of Finolex Cables have rejected the reappointment of Deepak Chhabria as executive chairman, according to the company. The decision comes after the Supreme Court ordered the disclosure of voting results for the resolution, which had been withheld by the company. Prakash Chhabria-led Orbit Electricals, a promoter of Finolex Cables, took the matter to the Supreme Court, contesting the non-disclosure. A majority of shareholders, including 93.21% of the promoters, voted against Chhabria s reappointment.

Prakash chhabriaJustice dy chandrachudDeepak chhabriaPrahlad chhabriaAshok bhushanFinolex groupA supreme courtNational company law appellate tribunalSupreme courtFinolex industriesFinolex cablesChhabria led orbit electricalsChief justiceOrbit electricalsPune based finolex groupFinolex cable

finolex: SC allows Prakash Chhabria s plea, asks scrutiniser to declare Finolex AGM results forthwith

The Supreme Court has accepted Orbit Electrical s plea challenging Finolex Cables s decision to withhold AGM results. The court ordered the scrutiniser to disclose the results immediately and stated that the NCLAT can pronounce the judgement later. Orbit Electricals holds a 30.7% stake in Finolex Cables, while Finolex Industries holds 14.51%. Prakash Chhabria, the largest shareholder of Orbit Electricals, and Deepak Chhabria, his cousin and executive chairman of Finolex Cables, are engaged in a struggle for control. The SC had allowed Prakash Chhabria s Orbit Electricals to vote at the FCL AGM, but the outcome is subject to the NCLAT order.

Prahlad chhabriaDeepak chhabriaPrakash chhabriaSupreme courtFinolex industriesNational company law appellate tribunalOrbit electricalFinolex cablesOrbit electricalsFinolex cableWhole time director

Orbit moves Supreme Court over Finolex AGM results

Orbit moves Supreme Court over Finolex AGM results
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Deepak chhabriaPrahlad chhabriaPrakash chhabriaIngovern research servicesSupreme courtFinolex industriesNational company law appellate tribunalInstitutional investor advisory services iiOrbit electricalsFinolex cablesFinolex cableInstitutional investor advisory services

SC lets Orbit Electricals vote in Finolex Cables AGM

SC lets Orbit Electricals vote in Finolex Cables AGM
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Deepak chhabriaPrahlad chhabriaPralhad chhabriaPrakash chhabriaKishandas chhabriaInstitutional investor advisory services iiFinolex industriesSupreme courtNational company law appellate tribunalIngovern research servicesFinolex groupOrbit electricalsFinolex cableFinolex cablesOrbit electricalFinolex cables deepak

Supreme Court ruling may escalate feud for control of Finolex Cables

The Supreme Court has overturned an interim direction by the National Company Law Appellate Tribunal (NCLAT) in the Finolex Group dispute, allowing Orbit Electricals to participate in the voting at Finolex Cables annual general meeting. The dispute involves the executive control of Finolex Cables between cousins Prakash and Deepak Chhabria. The Supreme Court order grants Orbit Electricals the authority to cast votes related to the appointment of Deepak Chhabria as executive chairperson.

Prakash chhabriaDeepak chhabriaUniversity of western australiaIndian school of businessKellogg marketing leadership development programInstitutional investors advisory services iiNorthwestern universityStakeholders empowerment servicesFinolex groupNational company law appellate tribunalFinolex industriesSupreme courtEquity programOffering collegeIngovern researchOrbit electricals