India Business Forum

Search Button

The Indian Express

The Financial Express

Latest News

EIW

Market Indicators

Screen

Boulevard India

Celebrity Chat

Express Computers

Express Power

Letters

Advertisers Forum


Headstart

Business Forum

Match Makers

Express Properties

Palki - Travel & Tours

Information Technology

Astrosurf

Eco-India

Dr Know

Morning Digest

Express Greeting

Graffiti

Drumbeat: Ad Buzzaar


FINANCIAL EXPRESS FRONT PAGE

Corporate

Economy

Expressions

Markets

Leisure

 

Tuesday, October 27, 1998

Bench opts out of hearing SWC appeal against CLB order 

Our Bureau  
Calcutta, Oct 26: A Calcutta high court bench on Monday opted out of the hearing into appeals by Shaw Wallace & Co Ltd and its Dubai-based chairman Manu Chhabria against the Company Law Board's July 27 order, following objections raised by the company's counsel Anil Diwan.

The division bench of justice Ruma Pal and justice B Panigrahi was to hear four separate appeals -- SWC versus Union of India, SWC versus All India Shaw Wallace Employees' Ferderation, Manu Chhabria versus Union of India and Manu Chhabria versus All India Shaw Wallace Employees' Federation.

But Diwan pointed out to justice Pal that, in a related case of the company, her husband S Pal had appeared on behalf of S Sarker, the counsel for respondent All India Shaw Wallace Employees' Federation who was made a party in that case.

On hearing this, justice Ruma Pal released all the four cases relating to SWC.

SWC has appealed against CLB's July 27 order by justice P Majumdar and S Balasubramanian, directing the induction of three nomineesof the government in addition to the existing CLB nominee SK Hazari into its board. The CLB had frozen the existing board for two years, where no changes would be possible.

Till the hearing on these cases are completed, the company will not be able to hold any board meeting because the government nominees will have to be appointed at the very first meeting.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


Top


The Ambassador Group of Hotels

Global Tenders invited by MSTC

The National Stock Exchange of India (NSE)

 

Click here for a printer-friendly page Printer-friendly page

One of India's Leading Banks


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties