Why a minority investor wants to stall the long pending Indiabulls Real Estate-Embassy Group merger
The objections were raised by the minority investor before the NCLT’s Chandigarh bench, which is also the final authority to give final nod to the proposed merger.
Apart from the minority investor, the income tax department has also filed an objection against the said merger pertaining to the internal scheme of arrangement of NAM Estates.
The NCLT, Chandigarh will next hear the case on March 1, 2023.
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