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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. ....

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HC nixes petitions against Harsh Lodha continuing as MP Birla Group Director

HC nixes petitions against Harsh Lodha continuing as MP Birla Group Director
April 22, 2021
‘Go-ahead for him to remain chairman of all cos of the group’
The Calcutta High Court, on Thursday, dismissed the contempt petitions filed against Harsh Vardhan Lodha for continuing as director of MP Birla Group companies.
According to Debanjan Mandal, partner, Fox & Mandal and the advocate for Lodhas, the verdict would clear the decks for Lodha to continue as the chairman of all companies of the MP Birla Group including Birla Corporation, Universal Cables, Vindhya Telelinks and Birla Cable.
“Our client is deeply grateful to the highest honorable court of the state for this resounding victory. In the past two years, relentless attacks have been mounted, not only on Lodha, but also on the independent directors and executives of the MP Birla Group companies. Thursday’s verdict vindicates the highest level of governance standards maintained in these companies from ....

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