The Company Law Board has denied relief to German wind-turbine maker Enercon and its Indian subsidiary, reports CNBC-TV18. Both the parties had sought CLB director to Registrar of Companies to change name of the companies after the partnership turned sour.
In March this year, Enercon had said it has just lost its entire Indian subsidiary, a major operation with annual sales of more than USD 566 million, after a dispute with a local partner and a run-in with Mumbai law enforcement authorities.
Enercon, the world
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
