2020 (5) TMI 559

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....ani, Advocate for ex-management of CRB Capital Markets Ltd., Ms Ruchi Sindhwani, Advocate for OL., Mr Tanmaya Mehta, Advocate for applicant., Mr Bal Kishan Saraf, Advocate., Ms Janhavi Worah, Advocate for Reliance Industries and Karvy. ORDER C.A. No. 245/2020, C.A. No.249/2020, C.A.No.251/2020 & C.A. No. 250/2020 1. Allowed, subject to all just exceptions. C.A. No. 244/2020, C.A. No. 2....

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....ue of equity shares of RIL entitling the shareholders of RIL to subscribe one share for every fifteen shares by them. RIL has also fixed 14.05.2020 as Record Date and all registered shareholders of RIL shall entitle to subscribe to the right shares in the aforesaid ratio. 6. Ms Sindhwani, learned counsel appearing for the Official Liquidator states that Official Liquidator is not in a position ....

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....Stock Broking Limited ('Karvy') as a Court Commissioner to sell the right entitlement of RIL shares as available to CCML. Karvy shall ascertain the number of RIL shares registered in the name of CCML and obtain the necessary form(s) for renouncing the right entitlement, from the Registrar of the Rights Issue. Karvy shall invite an offer for sale of the right entitlement of CCML and renounce the ri....

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....ation for the aforesaid purpose is fixed at 2% of the transaction value or Rs.50,000/-, whichever is less. 11. It is clarified that the aforesaid order is not limited only to the rights entitlement pertaining to the shares claimed by the applicant but would extend to rights entitlement pertaining to all shares of RIL that are registered in favour of the CCML. 12. The learned counsel appearin....