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Gujarat Samachar faces ultimatum from court: Sort internal issues or split company Owned by Lok Prakashan Ltd., it is under dispute between the brothers Shreyansbhai Shah and Bahubali Shah. After the court noted mismanagement in the company, the current publisher and editor, Shreyansbhai Shah, will have to make way for a replacement Mumbai, April 07, 2021 After a long-drawn legal battle, the National Company Law Tribunal (NCLT) has given Gujarat Samachar, a Gujarati daily, six months to resolve their affairs or they may have to head for a split. Owned by Lok Prakashan Ltd., it is under dispute between the brothers Shreyansbhai Shah and Bahubali Shah. The court noted that there has been clear oppression and mismanagement of the company, in the light of which they have asked Shreyansbhai Shah, the current publisher and editor, to assist the Board in finding a suitable replacement for himself.

Uttar pradeshLok prakashanShantilal shahBahubali shahDilip bhosaleShreyansbhai shahLok prakashan ltdMultimedia ltdBestmediainfo bureau mumbaiNational company law tribunalBestmediainfo bureauAllahabad high courtMediainfo bureau mumbaiGujarat samacharEx chief justiceIndependent director