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The Economic Times

NCLT clears Bhutani Infra's Entertainment City stake buy over Unitech objections

NCLT Unitech ED Entertainment ECL UHL the National Company Law Tribunal Board

New Delhi: Insolvency tribunal NCLT has directed Entertainment City to register a 4.26 per cent equity transfer to Bhutani Infra Group entity Parmesh Construction Company, dismissing opposition by JV partner Unitech Holding over alleged shareholder agreement violation.

Parmesh Construction Company Ltd (PCCL) had acquired 3.70 per cent and 0.56 per cent stake from minority investors IIRF Holdings V Ltd and Vistra ITCL (India) Ltd, respectively.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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