https://www.taxtmi.com/caselaws?id=314531 The SC ordered a payment of Rs. 100 Crores for the respondent's shares, to be completed within nine months, without triggering SEBI Takeover Regulations. The share capital will be reduced upon payment, not treated as a deemed dividend. High Court observations are non-binding in future proceedings. Concerns about fund defalcation by the Natarajan Group were directed to the appropriate forum. The SLPs and all pending applications were disposed of accordingly. en-us Thu, 17 May 2018 00:00:00 +0530 Mon, 17 Jun 2024 21:01:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314531 The SC ordered a payment of Rs. 100 Crores for the respondent's shares, to be completed within nine months, without triggering SEBI Takeover Regulations. The share capital will be reduced upon payment, not treated as a deemed dividend. High Court observations are non-binding in future proceedings. Concerns about fund defalcation by the Natarajan Group were directed to the appropriate forum. The SLPs and all pending applications were disposed of accordingly. Case-Laws Companies Law Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314531