The Calcutta High Court, in its final judgment, on Friday, directed the removal of Harsh Vardhan Lodha from all the positions within the M P Birla Group of Companies. The Court has also directed the implementation of the decisions of the Committee of Administrators.
“In a monumental direction, the Court has restrained Harsh Vardhan Lodha from holding any position in the MP Birla Group. The Court has also restrained him from drawing any benefit from the assets of the estate. The Court has specifically restrained him for interfering with any decision of the APL Committee, which is taken by majority. This paves way for smooth functioning of the Committee of Administrators,” a spokesperson for the Birlas said in a statement.
These directions mean that Harsh Lodha would immediately cease to hold all positions in the MP Birla Group including as director in the companies and other positions in the trusts