<h1>Creditor's challenge to block company rights issue dismissed; no prima facie case found for injunction</h1> The Supreme Court dismissed a creditor's challenge to the appellate tribunal's order permitting a company to hold an Extraordinary General Meeting to approve a rights issue, thereby upholding the NCLAT decision that no prima facie case existed for injunctive relief. The creditor, which holds over 90% of voting rights in the committee of creditors of an insolvency-bound group company, argued the rights issue would dilute and reduce valuation of the insolvent affiliate's stake (about 25%); tribunals below refused interim relief, and NCLAT held the Insolvency & Bankruptcy Code does not require related companies to forgo commercial decisions to protect a corporate debtor's interests.