https://www.taxtmi.com/caselaws?id=111723 The Court rejected the appeal challenging the refusal to grant ad-interim relief in a case involving alleged illegal preferential allotment of equity shares and violation of SEBI Regulations. The Court emphasized the significant delay in seeking relief and concluded that the delay, combined with the ongoing fundraising efforts by the defendant, did not warrant granting the interim relief requested by the Plaintiffs. The Court clarified that while rejecting the appeal, it had not made any determination on the merits of the case, as the matter was still under consideration by the Single Judge. en-us Thu, 29 Sep 2005 00:00:00 +0530 Tue, 24 Apr 2012 18:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111723 The Court rejected the appeal challenging the refusal to grant ad-interim relief in a case involving alleged illegal preferential allotment of equity shares and violation of SEBI Regulations. The Court emphasized the significant delay in seeking relief and concluded that the delay, combined with the ongoing fundraising efforts by the defendant, did not warrant granting the interim relief requested by the Plaintiffs. The Court clarified that while rejecting the appeal, it had not made any determination on the merits of the case, as the matter was still under consideration by the Single Judge. Case-Laws Companies Law Thu, 29 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111723