19 Jun, 2013
The Leela Palace, Bengaluru
Wednesday, October 17, 2012 - 17:02 IST
CLB rejects SUN-Apollo’s petition against Rustomjee; PE firm to approach Bombay HC
BY Pooja Sarkar
SUN-Apollo holds 20% stake in Rustomjee’s holding firm Keystone Realtors for which it has paid Rs 234.9cr in 2009.
The Company Law Board (CLB) has dismissed an ad-interim petition filed by the realty investment firm SUN-Apollo against Mumbai-based developer Rustomjee Group and has asked both the parties to undergo arbitration as defined in their shareholders’ agreement clause,...
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