• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Legal Correspondent

Kolkata , Aug. 11

AN order of the Company Law Board (CLB) dismissing a petition seeking investigation into the affairs of Birla Corporation Ltd (BCL), a company of the M.P. Birla Group, has been challenged in the Calcutta High Court.

One Gouri Sankar Kayan, and two others, have filed an appeal challenging the CLB order passed on April 25, 2005.

While moving the appeal, counsel for Mr Kayan stated that the CLB did not consider in its order the question of who was the person actually controlling the shares of Priyamvada Devi in BCL, after the death of Priyamvada Birla.It is a fit case for investigation and the CLB order should be set aside with a direction to rehear the matter, the counsel submitted.

The counsel for BCL stated that CLB in its order observed that the result of Annual General Meeting (AGM) showed that Mr R.S. Lodha was the person controlling the affairs of BCL.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Ranbaxy's 7 AIDS drugs in WHO pre-qualification list

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line