https://www.taxtmi.com/caselaws?id=108130 Interim injunction to restrain a public share issue was refused where the prospectus disclosed the secured loans, the applicant's claim, and the Debt Recovery Tribunal restraint order, and also included risk disclosures and issuer responsibility statements. The alleged criminal complaint had not been shown to have become a pending criminal case. As the applicant was only a creditor, the Court held that injunction proceedings could not be used to obstruct the share issue or force payment of disputed dues. No prima facie case was made out, and the balance of convenience favoured continuation of the share issue, which had already opened and attracted subscriptions. en-us Thu, 10 Aug 2000 00:00:00 +0530 Fri, 30 Mar 2012 12:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108130 Interim injunction to restrain a public share issue was refused where the prospectus disclosed the secured loans, the applicant's claim, and the Debt Recovery Tribunal restraint order, and also included risk disclosures and issuer responsibility statements. The alleged criminal complaint had not been shown to have become a pending criminal case. As the applicant was only a creditor, the Court held that injunction proceedings could not be used to obstruct the share issue or force payment of disputed dues. No prima facie case was made out, and the balance of convenience favoured continuation of the share issue, which had already opened and attracted subscriptions. Case-Laws Companies Law Thu, 10 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108130