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NCLAT bars promoter firm from pledging Omaxe shares

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Press Trust of India New Delhi
Last Updated : Apr 09 2019 | 6:55 PM IST

Omaxe promoter entity Guild Builders has been restricted from further pledging of its shares in the realty firm as the NCLAT Tuesday modified the order passed by the NCLT in a dispute between the company's CMD Rohtas Goel and his younger brother Sunil Goel.

Sunil Goe
It further added that it was an "incomplete information" and "the figure 1.48 crore used by NCLT in the Impugned Order ... is deleted and the Impugned Order dated 15th March, 2019 stands modified accordingly."

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First Published: Apr 09 2019 | 6:55 PM IST

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