AZB & Partners Represents Bharti Telecom Limited Before Supreme Court; Clarifies Valuation Not Mandatory For Capital Reduction

AZB & Partners Represents Bharti Telecom Limited Before Supreme Court; Clarifies Valuation Not Mandatory for Capital Reduction

The leading law firm in India, AZB & Partners successfully represented Bharti Telecom Limited before the Supreme Court of India in a significant matter concerning the framework for capital reduction under the Companies Act, 2013.

In its judgment, the Court authoritatively settled the legal position that obtaining a valuation report is not a mandatory requirement for implementing a scheme of capital reduction under Section 66 of the Companies Act, 2013. The decision further reiterates that valuation is a specialised exercise best left to experts, reinforcing established principles governing corporate restructuring.

This ruling provides important clarity on the framework for capital reduction and the role of valuation in such processes. The judgment is available for reference.

The AZB & Partners team representing Bharti Telecom Limited comprised Kamal Shankar (Partner), along with Tanmay Sharma (Senior Associate), Arjun Narang (Senior Associate), and Shivam Jain (Associate).

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