https://www.taxtmi.com/caselaws?id=102453 Interim protection was considered appropriate where the petitioner showed a prima facie case and the balance of convenience favoured allowing the public issue to proceed despite the lead managers' withdrawal at the last moment. The Court permitted the public issue to be opened and closed if 90 per cent subscription was received, allowed appointment of new lead managers, and enabled the issue bankers to collect subscriptions. The operative effect was to preserve the proposed public issue process while the petitioner arranged replacement management and completed subscription collection. en-us Wed, 16 Mar 1994 00:00:00 +0530 Tue, 14 Feb 2012 18:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102453 Interim protection was considered appropriate where the petitioner showed a prima facie case and the balance of convenience favoured allowing the public issue to proceed despite the lead managers' withdrawal at the last moment. The Court permitted the public issue to be opened and closed if 90 per cent subscription was received, allowed appointment of new lead managers, and enabled the issue bankers to collect subscriptions. The operative effect was to preserve the proposed public issue process while the petitioner arranged replacement management and completed subscription collection. Case-Laws Companies Law Wed, 16 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102453