Hero Motocorp Share Transfer Contempt Petition Dismissed

NCLT dismisses contempt petition against Hero Motocorp executives for alleged non-compliance with a 2023 share transfer order.
Tribunal finds company complied by paying Rs 12.48 lakh dividend and processing share transfer claims with IEPF Authority.
The case involved legal heirs seeking transfer of 14,690 shares held by deceased joint holders since 1997.
Company's brief request to IEPF to pause processing due to a separate appeal was deemed a bona fide action.