https://www.taxtmi.com/caselaws?id=197332 The Court found that the respondent company's transfer of Quality-Inn-Aruna to its subsidiary was legitimate and part of restructuring plans, ensuring no detriment to creditors. Emphasizing the need to safeguard both company and creditor interests, the ad-interim injunction was lifted. The respondent's plea to revoke the injunction was granted, leading to the dismissal of applications C.A. Nos. 730 and 731/1998, with C.A. No. 732/1998 accepted without costs. en-us Tue, 23 Jun 1998 00:00:00 +0530 Wed, 03 Jan 2018 16:19:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197332 The Court found that the respondent company's transfer of Quality-Inn-Aruna to its subsidiary was legitimate and part of restructuring plans, ensuring no detriment to creditors. Emphasizing the need to safeguard both company and creditor interests, the ad-interim injunction was lifted. The respondent's plea to revoke the injunction was granted, leading to the dismissal of applications C.A. Nos. 730 and 731/1998, with C.A. No. 732/1998 accepted without costs. Case-Laws Companies Law Tue, 23 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197332