Live Help
Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :

  

Thank you for your details



Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session
 

NCLT approves sale of shares held by IL&FS subsidiary to Japanese Co. ORIX

August 30, 2019[2019] 108 taxmann.com 537 (NCLT - Mum.)
130 Views

IBC : Where in resolution process of IL&FS group an application was filed by IL&FS before NCLT seeking to approve sale of shares of Specified Wind SPVs held by IWEL, a subsidiary of IL&FS, to ORIX, a Japanese company, free and clear from all encumbrances, liens, security interest and third party claims upon receipt of ORIX Revised Bid amount for ORIX, in compliance of terms of Share Purchase Agreement (SPA), it was held that sale of shares held by IWEL to ORIX corporation was approved and transfer of such shares by IWEL to ORIX was directed free and clear from all encumbrances, liens, security interest and third party claims upon ORIX making payment in manner as set out in Share Purchase Agreement (SPA) dated 7-8-2019 entered into between IWEL and ORIX

read more

taxmann.com
Payment
Best view in 1140 x 768