NCLT tells Bandhan to seek shareholders’ nod

Kolkata: The National Company Law Tribunal (NCLT) has directed Bandhan Bank to convene a meeting of its equity shareholders to approve the proposed merger with Gruh Finance. The Kolkatabench of NCLT has dispensed with requirement of the meeting of the unsecured creditors of the bank. The proposed merger has already received clearance from regulators the RBI and the Securities & Exchange Board of India.