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Lodhas to file appeal before Division Bench in Calcutta High Court

On Saturday, Single Bench order of Calcutta High Court restrained Shri Harsh V Lodha, non-executive director and chairman of the company from holding any office in MP Birla Group

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According to the Birlas, it was clear from the judgment of the court that the sole objective of the judgment was to protect and preserve the estate which includes the controlling block of shares in the M P Birla group.

Ishita Ayan Dutt Kolkata
The Lodhas are set to appeal the Single Bench order of the Calcutta High Court (HC) restraining Harsh Vardhan Lodha from holding any office in M P Birla group entities.

The appeal before the Division Bench of the HC could be filed as early as Monday.

Listed firms of the M P Birla group informed stock exchanges late on Saturday that a Single Bench order of the Calcutta HC, dated September 18 — in a probate proceeding to which the firm is not party — has inter-alia restrained Shri Harsh V Lodha, non-executive director and chairman, from holding any office

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First Published: Sep 20 2020 | 6:00 PM IST

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