The ruling is expected to impact several such investment structures entered into by developers and financiers. GVFL had filed four petitions, claiming that it, as a secured shareholder, was entitled under the shareholder pact to call upon the developer, as the original promoter, to buy back shares at a minimum 26% IRR per annum.source https://economictimes.indiatimes.com/industry/banking/finance/nclt-rejects-gvfl-plea-against-hubtown/articleshow/88381075.cms
No comments:
Post a Comment