https://www.taxtmi.com/caselaws?id=366942 The Tribunal had jurisdiction to issue restraint orders under the Companies Act, 2013, to prevent asset dissipation during investigations related to financial fraud. However, the Appellate Tribunal found that the Tribunal prematurely vacated restraint orders against specific respondents without adequate evidence and ongoing investigations. The Appellate Tribunal reinstated the restraint orders, allowing limited withdrawals for subsistence, striking a balance between protecting public interest and respecting the respondents' rights. en-us Thu, 12 Jul 2018 00:00:00 +0530 Thu, 13 Sep 2018 08:20:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366942 The Tribunal had jurisdiction to issue restraint orders under the Companies Act, 2013, to prevent asset dissipation during investigations related to financial fraud. However, the Appellate Tribunal found that the Tribunal prematurely vacated restraint orders against specific respondents without adequate evidence and ongoing investigations. The Appellate Tribunal reinstated the restraint orders, allowing limited withdrawals for subsistence, striking a balance between protecting public interest and respecting the respondents' rights. Case-Laws Companies Law Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366942