India: Shareholders

In recent years, we have seen progressive regulatory reforms easing the pathway for take-private deals in India. Despite these reforms, a clear and effective "squeeze-out" mechanism remains absent.

A Division Bench of the Bombay High Court reaffirmed the significance and persuasive value of an emergency arbitration award by upholding the interim relief granted by a single Judge and reiterating that appellate courts should only interfere when such orders are arbitrary, perverse or capricious.

Recent years have witnessed a notable rise in the number of companies struck off the Register by the Registrar of Companies (hereinafter referred to as "the ROC")...