NCLT stays allotment of shares to Rang Sharda Hotel shareholders
The Free Press Journal|August 25, 2024
Girish Lotia challenged the allotment of 35,000 shares to the respondents
Pranali Lotlikar

The National Company Law Tribunal (NCLT) has set aside the allotment of 9,500 shares to existing shareholders of Rang Sharda Hotel, located in Bandra Reclamation, following a petition filed by Girish Lotia, director of the company. The case was brought against Girish's father Prabhu Das Lotia, mother Dinmati Lotia and sisters Madhavi Bilaney and Poornima Shah, over the alleged illegal allotment of shares.

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