https://www.taxtmi.com/caselaws?id=278747 Interim protection was granted against an order restraining a residuary non-banking finance company from accepting deposits, because immediate enforcement would have caused serious prejudice to depositors and employees and the company had already placed an action plan before the authority. The record showed that, after the show cause notice, a meeting and reply were given, but no further opportunity was afforded before the order. On that basis, the impugned order was stayed till further orders, while the company was restrained from accepting fresh deposits only beyond June 2010. en-us Thu, 05 Jun 2008 00:00:00 +0530 Tue, 19 Feb 2019 13:03:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278747 Interim protection was granted against an order restraining a residuary non-banking finance company from accepting deposits, because immediate enforcement would have caused serious prejudice to depositors and employees and the company had already placed an action plan before the authority. The record showed that, after the show cause notice, a meeting and reply were given, but no further opportunity was afforded before the order. On that basis, the impugned order was stayed till further orders, while the company was restrained from accepting fresh deposits only beyond June 2010. Case-Laws Companies Law Thu, 05 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278747