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Calcutta high court dismisses contempt petitions against Harsh Vardhan Lodha

Calcutta high court dismisses contempt petitions against Harsh Vardhan Lodha The latest round in this dispute signals the end of another chapter in the legal battle between the Birla and Lodha families over the control of the MP Birla empire The Calcutta high court on Thursday dismissed a clutch of contempt petitions filed by the Birla family which effectively allowed Harsh Vardhan Lodha to remain on the boards of the listed companies of the MP Birla Group, including flagship Birla Corporation Ltd. The Birlas had filed five cases against Lodha and four companies contending that the chairman of Birla Corporation had violated a judgment handed down by Justice Sahidhullah Munshi (now retired) by continuing on the boards of these companies and directing their affairs.

PLSFL defaulters must repay, says High Court

  Staff Correspondent,  bdnews24.com Published: 26 Feb 2021 03:19 AM BdST Updated: 26 Feb 2021 03:19 AM BdST The people who defaulted on repayment of loans taken from the People’s Leasing and Financial Services Ltd or PLSFL must pay back, the High Court has said. ); } The court warned the defaulters that they must work within the remits of law and influence of ministers or others will not work in this case. It ordered them to repay the first instalment before beginning discussion on how the full repayment will go ahead; otherwise their pleas for rescheduling will not be accepted. Justice Muhammad Khurshid Alam Sarkar passed the orders on Thursday after hearing statements of some of the defaulters in the second phase.

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