https://www.taxtmi.com/caselaws?id=290683 In proceedings for oppression and mismanagement under Sections 241 and 242 of the Companies Act, 2013, the Tribunal may grant interim protective relief to preserve company assets and safeguard the company's interest, even where arbitration is pending and a Section 8 challenge to maintainability has been raised. The pending arbitral process did not prevent the Tribunal from issuing a conditional status quo order to avoid alienation of company property and ensure the petition did not become infructuous. The interim order was treated as protective in nature, and no interference was found necessary in appeal. en-us Mon, 02 Dec 2019 00:00:00 +0530 Sat, 10 Oct 2020 10:33:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290683 In proceedings for oppression and mismanagement under Sections 241 and 242 of the Companies Act, 2013, the Tribunal may grant interim protective relief to preserve company assets and safeguard the company's interest, even where arbitration is pending and a Section 8 challenge to maintainability has been raised. The pending arbitral process did not prevent the Tribunal from issuing a conditional status quo order to avoid alienation of company property and ensure the petition did not become infructuous. The interim order was treated as protective in nature, and no interference was found necessary in appeal. Case-Laws Companies Law Mon, 02 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290683