NCLT rejects GVFL plea against Hubtown

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.

from Banking/Finance-Industry-Economic Times https://ift.tt/3FcU4fz