Supreme Court Orders Status Quo in Company Management: Counter Affidavit Deadline The Supreme Court directed the parties to maintain status quo in company management. Respondent can file a counter affidavit within two weeks, with a ...
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Supreme Court Orders Status Quo in Company Management: Counter Affidavit Deadline
The Supreme Court directed the parties to maintain status quo in company management. Respondent can file a counter affidavit within two weeks, with a rejoinder affidavit permitted. Service on respondent is waived due to representation on caveat. The order does not impact proceedings before the Board for Industrial and Financial Rehabilitation and the Appellate Authority.
The Supreme Court issued an order directing the parties to maintain status quo regarding the management of the company. The respondent can file a counter affidavit within two weeks, with a rejoinder affidavit allowed thereafter. Service on the respondent is dispensed with as they are represented on caveat. The order does not affect proceedings before the Board for Industrial and Financial Rehabilitation and the Appellate Authority.
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