<p> However, the case is yet to conclude and next hearing of the same is scheduled on February 5. <br /><br /> The family members of South India-focused retail chain –– Nilgiris –– had approached the CLB earlier to block the proposed Rs 35-crore rights issue by UK-based Actis-led management. The CLB in an earlier hearing had declared that there should be no allotment of shares with respect to the issue till further orders.<br /><br />Sources close to the company (Actis), now claim CLB has modified the interim order and allowed Actis to allot shares to applicants.</p>
<p> However, the case is yet to conclude and next hearing of the same is scheduled on February 5. <br /><br /> The family members of South India-focused retail chain –– Nilgiris –– had approached the CLB earlier to block the proposed Rs 35-crore rights issue by UK-based Actis-led management. The CLB in an earlier hearing had declared that there should be no allotment of shares with respect to the issue till further orders.<br /><br />Sources close to the company (Actis), now claim CLB has modified the interim order and allowed Actis to allot shares to applicants.</p>
