![[LVB-DBS Bank merger] Madras High Court grants Lakshmi Vilas Bank shareholders limited interim relief, no stay on merger [Read Order]](https://gumlet.assettype.com/barandbench%2F2020-11%2F11dbb4f9-49a7-4d43-bc8d-7f5f5f37b0b5%2FLVB_DBS_Bank_merger.jpg?auto=format%2Ccompress&fit=max)
The Madras High Court passed certain interim directions for the legal protection of the shareholders of Lakshmi Vilas Bank (LVB) in the wake of the LVB-DBS Bank merger, considering that the entire share capital value of these shareholders had been reduced to zero following the merger.
The Court, however, has made it clear that there would be no stay on the amalgamation scheme itself.