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Stocks to watch on Thursday, November 23, 2023: Honasa Consumer in its first result filing post listing reported a in net profit to Rs 29.40 crore for Q2FY24 as against a loss of Rs 15 crore in Q2FY23

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Will take action against firms such as Liberty House: NCLAT

Liberty Shoes has removed its Executive Director Adesh Kumar Gupta from the board after the National Company Law Tribunal (NCLT) dismissed his petition seeking exemption on requirements to file a plea, according to a regulatory filing.
Gupta, who along with some other shareholders holds 5.83 per cent of the company, had filed a plea under Section 244 of the Companies Act, 2013, seeking waiver in requirements to file a plea alleging oppression and mismanagement.
To file a plea alleging oppression and mismanagement, which is done under Section 241, it should be backed by at least one-tenth of the total number of the issued share capital of the company.
However, NCLT has powers to waive this requirement in special circumstances.
Gupta had approached NCLT seeking this waiver, which was rejected on November 20, 2023, according to a regulatory filing by Liberty Shoes on Tuesday.
Earlier, NCLT had given a go-ahead to the Annual General Meeting of Liberty Shoes in which a special notice w

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Stocks to Watch today: Honasa, IndiGo, SBI, Infy, Liberty Shoes, RBL Bank

Liberty Shoes ousts Exec-Director Adesh Gupta after NCLT rejects his plea