Voda merger: NCLT orders Idea to convene shareholders-creditors meet in Oct

Appoints former Bombay HC chief justice M H Shah as chairman of the meet scheduled for Oct 12

National Company Law Tribunal (NCLT)'s Ahmedabad bench on Monday ordered Idea Cellular Ltd to convene a shareholders-cum-creditors meet on October 12, for the purpose of voting for its proposed $23 billion (Rs 1.47 lakh crore roughly) merger with Vodafone India Ltd (VIL).

As an independent person to chair the meeting, former chief justice of Bombay High Court (HC) Justice M H Shah has been appointed by the NCLT. The meeting will see shareholders and creditors voting for or against the merger.

On March 20, both Idea Cellular's parent Aditya Birla Group and Vodafone India Ltd (VIL) had announced their merger,