https://www.taxtmi.com/caselaws?id=289815 The Court granted interim relief to the appellant, allowing them to continue as a director in non-defaulting companies while staying disqualified from the defaulting company under Section 164(2)(a) of the Companies Act, 2013. The Court found that the disqualification provision cannot have retrospective effect and does not automatically prevent the appellant from serving as a director in compliant companies. The issues were to be finally decided by a single Judge after affidavit exchanges, with the interim order remaining in place until the writ application was resolved. The Court emphasized that its views were preliminary, leaving the final decision to the Judge. en-us Wed, 15 Nov 2017 00:00:00 +0530 Mon, 17 Apr 2023 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289815 The Court granted interim relief to the appellant, allowing them to continue as a director in non-defaulting companies while staying disqualified from the defaulting company under Section 164(2)(a) of the Companies Act, 2013. The Court found that the disqualification provision cannot have retrospective effect and does not automatically prevent the appellant from serving as a director in compliant companies. The issues were to be finally decided by a single Judge after affidavit exchanges, with the interim order remaining in place until the writ application was resolved. The Court emphasized that its views were preliminary, leaving the final decision to the Judge. Case-Laws Companies Law Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289815