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Jagan moves NCLT over transfer of shares to Sharmila
The New Indian Express Hyderabad
|April 04, 2025
YSR Congress Party (YSRCP) chief and former Andhra Pradesh chief minister YS Jagan Mohan Reddy has approached the National Company Law Tribunal (NCLT), challenging the transfer of shares of Saraswati Power Industries to his sister YS Sharmila.
Jagan argued that the share transfer, facilitated by their mother YS Vijayalakshmi, was illegal as the gift deed process remained incomplete.
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