The Bombay High Court on Wednesday directed for an interim compensation of Rs 10 crore to be paid to the families of fishermen whose livelihood has been affected due to the ongoing construction of the third Thane creek bridge near Vashi
Invesco moved the division bench against Zee and its CEO Punit Goenka on the basis that the high court had no jurisdiction to hear the matter and it should be heard and decided by the NCLT (National Company Law Tribunal)
The Division Bench upheld the order permitting shareholders of Reliance Commercial Finance Ltd (RCFL) to carry out carry out a voting based on the Debenture Trust Deed signed by the shareholders.
Fishermen families whose livelihood has been affected due to the construction of the third Thane Creek Bridge will receive Rs 10 crore in compensation, the Bombay High Court said.