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Issues: Whether interim relief should be granted against the notices disqualifying the petitioners as directors under Section 164(2)(a) of the Companies Act, 2013 and against the consequences flowing therefrom.
Analysis: The petition assailed the notices on grounds of violation of natural justice, retrospective operation of the disqualification provisions, and non-compliance with the notice requirements connected with striking off the company's name. Pending adjudication of the writ petition and in view of the consistent approach adopted in similar matters, the Court found no reason to decline interim protection at that stage.
Conclusion: Interim stay was granted of the impugned disqualification notices and the petitioners' DIN numbers and digital signatures were directed to be revived until the next date of hearing.