https://www.taxtmi.com/caselaws?id=108705 The Supreme Court interpreted interim orders restraining parties from acquiring shares in a company to maintain control and management. The plaintiff sought modification to prevent a third party from acquiring a significant shareholding. The application of the SEBI Takeover Code was considered due to the potential impact on control. Financial constraints faced by a party affected their ability to acquire shares. The court allowed the plaintiff to purchase shares from a third party under specific conditions to prevent destabilization and ensure compliance with the court's order on control and management. en-us Mon, 20 May 2002 00:00:00 +0530 Tue, 03 Apr 2012 14:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108705 The Supreme Court interpreted interim orders restraining parties from acquiring shares in a company to maintain control and management. The plaintiff sought modification to prevent a third party from acquiring a significant shareholding. The application of the SEBI Takeover Code was considered due to the potential impact on control. Financial constraints faced by a party affected their ability to acquire shares. The court allowed the plaintiff to purchase shares from a third party under specific conditions to prevent destabilization and ensure compliance with the court's order on control and management. Case-Laws Companies Law Mon, 20 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108705