Oberoi case: Delhi HC halts transfer of EIH shares

Quick Summary:

A legal battle among PRS 'Biki' Oberoi's children has reached the Delhi high court, which issued an interim order to prevent share transfers in EIH and its holding companies.

The dispute involves control over substantial holdings in EIH and a family villa, with allegations that some family members are obstructing the execution of PRS Oberoi's will.

While granting the injunction HC clarified that Rajaraman Shankar (COO Oberoi Hotel Groups) may exercise his voting rights only for the purpose of ensuring statutory compliance and filing statutory reports.

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Article Details

Author / Journalist: Abhinav Garg

Category: EconomyBusiness

Markets: IndiaOman

Topics: EIH Limited Oberoi Hotel Group Family dispute Oberoi Hotels Pvt. Ltd Anastasia Oberoi Delhi High Court Vikramjit Oberoi PRS Oberoi

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 08:45:57 (22 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 759 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22522394

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