Bombay High Court refuses to stay Lakshmi Vilas Bank-DBS Bank merger

The scheme of amalgamation between Lakshmi Vilas Bank and DBS Bank will be effective from tomorrow. The Court was moved today for an urgent hearing by the Indiabulls Finance Housing Ltd and other shareholders.
Bombay High Court refuses to stay Lakshmi Vilas Bank-DBS Bank merger
Bombay High Court, Lakshmi Vilas Bank, DBS Bank

The Bombay High Court today refused to stay the scheme of amalgamation between Lakshmi Vilas Bank Limited (LVB) and the DBS Bank India Ltd. (DBIL), which was approved by the Union Cabinet on Wednesday, and which is to be effective from November 27.

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