9911796707
TMI Blog2011 (1) TMI 1522X X X X Extracts X X X X X X X X Extracts X X X X ..... 2011) and files an affidavit stating that the Union of India supports CA No.24/2011 which is perused by me. 3. Shri Vijay Sharma, Learned Advocate, appearing for the Hill County Owners' Welfare Association also states that he has received a copy of the CA No.24/2011 and does not oppose the prayer since it is in the best interests of the members of the Hill County Owners' Association. An ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /2009 on 5.4.2009, (ii) The report of the SBI Capitals Market Limited (Annexure 2), (iii) Recommendations made by Hon'ble Dr. Justice AR. Laxmanan (Retd.) (Annexue -3) and (iv) the proposal given by the IL FS group regarding a composite revival plan for MPL. 7. Having perused CA24/2011 and the above mentioned documents and the fact that the Petitioner, the existing Directors of MPG ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall invest ₹ 20 lakhs in equity share capital of the MPL whereupon its share holdings in MPL would become 80%. (iii) The IL FS group on its induction as the strategic investor shall take-over the management control of the MPL and reconstitute the Board of Directors of MPL as under: (a) There shall be 4 nominees of the IL FS group as Directors on the Board of MPL including the Chairm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntitled to recover the inter-corporate deposits provided to Mahindra Satyam Services Limited (formerly Satyam Computer Services Limited). (vii) The IL FS shall settle all disputes, tax liability and the contractual dues and other creditors of MPL (viii) The IL FS group shall continue to hold a minimum 40% of the total equity in MPL and retain management control of MPL for a period of not les ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
