The Hindu Business Line : CLB reserves order on Nambiar's plea

THE Company Law Board (CLB) on Thursday reserved orders on the petition filed by Mr T. P. G. Nambiar, BPL group patriarch, and three group companies against his son-in-law, Mr Rajeev Chandrashekar, Chairman, BPL Communications Ltd.The CLB has given BPL Communications permission to go ahead with the restructuring of the company with a rider that the board will have to be informed of any proposal to sell or transfer shares.

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