https://www.taxtmi.com/caselaws?id=380095 Binding articles of association protected investor participation, board quorum rights, and consent requirements for material encumbrances, so an interim order allowing unilateral creation of charges or liabilities could not properly be modified without a clear prima facie basis, consideration of balance of convenience, and assessment of irreparable prejudice. The pending arbitration-related proceedings reinforced the need to preserve the status quo and protect the subject matter of the company petition. The modification order was therefore unsustainable, and the earlier restraint against creating encumbrances was restored. en-us Wed, 23 Jan 2019 00:00:00 +0530 Tue, 14 May 2019 07:55:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380095 Binding articles of association protected investor participation, board quorum rights, and consent requirements for material encumbrances, so an interim order allowing unilateral creation of charges or liabilities could not properly be modified without a clear prima facie basis, consideration of balance of convenience, and assessment of irreparable prejudice. The pending arbitration-related proceedings reinforced the need to preserve the status quo and protect the subject matter of the company petition. The modification order was therefore unsustainable, and the earlier restraint against creating encumbrances was restored. Case-Laws Companies Law Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380095