https://www.taxtmi.com/caselaws?id=381771 The National Company Law Tribunal modified the interim order to allow the Applicant to lease a portion of its building for commercial purposes, emphasizing the importance of generating revenue. Despite opposition regarding the current use of the space as a Banquet Hall, the Tribunal considered financial aspects and benefits to the Company in granting permission to lease the space. A Chartered Accountant's report supported the decision based on income potential, leading the Tribunal to dismiss the appeal against the interim order due to lack of merit, citing the significant difference in rental income. en-us Tue, 11 Jun 2019 00:00:00 +0530 Tue, 18 Jun 2019 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381771 The National Company Law Tribunal modified the interim order to allow the Applicant to lease a portion of its building for commercial purposes, emphasizing the importance of generating revenue. Despite opposition regarding the current use of the space as a Banquet Hall, the Tribunal considered financial aspects and benefits to the Company in granting permission to lease the space. A Chartered Accountant's report supported the decision based on income potential, leading the Tribunal to dismiss the appeal against the interim order due to lack of merit, citing the significant difference in rental income. Case-Laws Companies Law Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381771