NCLT clears Bhutani Infra's Entertainment City stake buy over Unitech objections
Published on: July 5, 2026, 11:32 a.m. | Source: The Economic Times
The National Company Law Tribunal (NCLT) has ordered Entertainment City to register a 4.26% equity transfer to Bhutani Infra's Parmesh Construction Company. This decision overrides Unitech Holding's objections regarding a shareholder agreement violation. The tribunal ruled the transfer valid, stating that the initiation of a 100% disinvestment process effectively waived Unitech's Right of First Refusal.
