HARSH VARDHAN LODHA
Birla-Lodha Dispute: Calcutta HC clarifies power and scope of APL Committee
The Calcutta High Court, in the prolonged legal battle over Priyamvada Devi Birla's estate, ruled against granting full powers to the administrator pendente lite (APL) committee. The court clarified that the APL committee can only exercise powers held by Priyamvada Birla during her lifetime, focusing solely on her shares.
Blow to Birlas: Harsh Vardhan Lodha to continue as Chairman of MP Birla Group, rules Calcutta HC
A single judge of the Calcutta High Court had earlier given full authority to a panel of three administrators — one each nominated by the Birla and Lodha families and a retired judge — to take control of the entire estate of the late Priyamvada Devi Birla, former chairperson of the MP Birla Group, who died on July 3, 2004. The judge in September 2020 passed an order directing the removal of Harsh Vardhan Lodha as the chairman of the MP Birla Group on the basis of a contentious concept of “extended estate”.
Housing sales to breach pre-pandemic levels in 2022; demand momentum to continue despite interest rate hikes: Industry
Property consultant Anarock said housing sales this year across seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune -- will cross 2,61,358 units recorded in 2019, the pre-pandemic level, but will fall short of the 2014 sales figure of 3.43 lakh units, the highest in the last 10 years.
Builders crank up home prices amid surging demand; unsold stock down
The residential markets in the National Capital Region, Mumbai Metropolitan Region, Kolkata, Pune, Hyderabad, Chennai, Bengaluru and Ahmedabad have been witnessing rising demand despite increasing prices of construction materials and hardening interest rate.
Fresh fight erupts at MP Birla Group over Vindhya Telelinks board nominees
The tussle between the Lodha and Birla camps to control entities belonging to the Kolkata-based MP Birla Group escalated yet again, with Punjab Produce & Trading Company sending a notice to Vindhya Telelinks proposing the appointment of two directors to the
SC refuses to interfere with HC order dismissing contempt pleas against Harsh Vardhan Lodha
A bench of Justices D Y Chandrachud and Hrishikesh Roy said it was not inclined to interfere with the high court order of April 22, as appeals are still pending there.
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Birla Corporation Q4 results: Consolidated PAT rises 28% to Rs 249 crore
“In the light of the massive disruptions faced at the beginning of the financial year, FY20-21 wasn’t disappointing from the standpoint of profitability,” said Harsh Vardhan Lodha, chairman, Birla Corporation.
Harsh Lodha removed as director of 5 MP Birla Group investment cos; moves court
The filing is based on the APL (administrator pendente lite) committee led by retired judge M S Shah's decision to remove him from the directorship after the September 18 ruling of the Calcutta High Court.
Birla Corporation Q2 Results: Net profit jumps 89% as cement demand recovers
“We have a clear plan charted out on how to make Birla Corporation Limited more competitive. We have also discussed with our board and finalized a plan to scale up our capacity to 25 million tonnes by 2025,” the company’s chairman Harsh Vardhan Lodha said in a statement on Thursday.
Calcutta High Court gives no interim relief to Lodha
The division bench led by chief justice T.B. Nair Radhakrishnan along with Justice Shampa Sarkar clarified that there was a restriction on Lodha from holding office in any of the entities of the MP Birla group during the pendency of a suit “on the strength of shares referable to the estate of Priyamvada Birla”.
Lodha appeals against HC order curbing him from holding office in M P Birla Group
The appeal said that Friday's verdict sees Priyamvada Devi, the deceased wife of M P Birla, as a "single individual promoter", which Lodha claimed is absurd. The appeal is likely to be heard by a division bench of the high court later this week.
High Court restrains Harsh Vardhan Lodha from holding office in MP Birla Group
The court also told Lodha not to draw any benefit from the assets of the MP Birla estate. The latter is expected to challenge the ruling before a divisional bench of the High Court early next week, people familiar with the development said.
Birlas to challenge Harsh Lodha's reinstatement as director in MP Birla Group firms
The decision of the Birlas comes in spite of a favourable verdict from a two-judge division bench of the Calcutta High Court which on Monday had asked the probate court to hear the appellant MP Birla Group companies afresh, which was one of their key petitions.
Calcutta HC allows MP Birla Group companies to declare voting results of its AGM
On Monday, the court had also said that the order is not sustainable in view of the fact that orders and/or directions were passed interfering with the holding of AGM by the companies that are separate juristic entities without first deciding the issue of jurisdiction.
Lodha reinstated at 2 MP Birla companies
Lodha’s reappointment and some other proposals were taken up at the annual shareholder meetings (AGMs) in 2019.
Aditya Birla Group files copyright infringement suit against MP Birla Group
In a suit filed in the Bombay High Court, Aditya Birla Group-owned Grasim Industries and Ultratech Cement have said that MP Birla Group has infringed on their copyright by using the word 'ultra' in its cement brands. Ultratech is seeking relief by restraining the Kolkata-based group from using the mark.
Old hostilities between Birlas and Lodhas resurface
“The decision not to support the resolutions is wrongful,” Lodha told reporters after Birla Corporation’s 99th AGM in Kolkata.
Setback for Lodhas in dispute over control of MP Birla Group
Court-appointed committee not to support Lodha's reappointment as director.
Market Movers: What changed for D-Street while you were sleeping
The market is likely to consolidate this week amid rangebound trade.
Outsider in 'Birla house': New boss Harsh Vardhan Lodha has been the biggest change agent for the company
Even as a fierce legal battle still rages, the fortunes of the MP Birla Group have seen a marked change.
Meet Harsh Lodha, chief of Birla Corp, whose DNA combines of a professional & an entrepreneur
Harsh lets his board and management work fully independently, but during strategic calls, he effortlessly leads from the front.
Justice TS Thakur sworn in as 43rd Chief Justice of India
Justice Tirath Singh Thakur was today sworn in as 43rd Chief Justice of India by President Pranab Mukherjee at a function in Rashtrapati Bhavan.
2014: A politically eventful year for India
The states of Jharkahand, Maharashtra and Haryana witnessed a regime change and Jammu and Kashmir saw a hung Parliament in the recent elections.
Supreme Court rejects plea against administrators' powers on Birla assets
The Supreme Court has dismissed a petition challenging the appointment of three-member panel of administrators of late Priyamvada Devi Birla's estate and its powers.
Birla Corp examines overseas acquisitions
The M P Birla group flagship Birla Corporation is examining overseas acquisitions. The company is examining opportunities to buy out cement manufacturing companies in the emerging markets but nothing has been finalised as yet.
MP Birla group to go for major expansion of healthcare venture
The group, which runs reputed hospitals like Belle Vue Clinic in Kolkata and Bombay Hospital in Mumbai, has decided to set up three new multi-speciality hospitals - one in Kolkata and two each in Rajasthan.
CLB tells Birla, Lodha camps to speed up
An irate Company Law Board on Friday told warring Birla and Lodha camps, who have been fighting over the will of Late Priyamvada Birla, to speed up as the case was dragging on.
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