https://www.taxtmi.com/caselaws?id=270714 The Court set aside the Board's direction for Nafan and Lesaffre to transfer their shares to Muthu Group and proposed a forward competitive bid to resolve the dispute. If Muthu Group withdraws its civil suit and agrees not to rely on the MOU, a competitive bid will be held. If not, a buyout in favor of Nafan will follow. The Court appointed Justice J.N. Patel as the Administrator and M/s Ernst and Young as Chartered Accountants to oversee the process. en-us Thu, 29 Oct 2015 00:00:00 +0530 Thu, 14 Jan 2016 11:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270714 The Court set aside the Board's direction for Nafan and Lesaffre to transfer their shares to Muthu Group and proposed a forward competitive bid to resolve the dispute. If Muthu Group withdraws its civil suit and agrees not to rely on the MOU, a competitive bid will be held. If not, a buyout in favor of Nafan will follow. The Court appointed Justice J.N. Patel as the Administrator and M/s Ernst and Young as Chartered Accountants to oversee the process. Case-Laws Companies Law Thu, 29 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270714