https://www.taxtmi.com/caselaws?id=402522 Interim relief in company proceedings is assessed on the settled tests of prima facie case, balance of convenience and irreparable injury. On those parameters, broad interim protection was declined because the petitioners did not establish a sufficient prima facie entitlement and the balance of convenience was not in their favour. The Tribunal also held that deputing a security guard did not amount to legal possession on behalf of the company. At the same time, it noted concerns arising from an unregistered lease first acted upon for five years and a later registered lease for 29 years during the proceedings, and issued limited protective directions to preserve the disputed property pending final adjudication. en-us Fri, 31 Jul 2020 00:00:00 +0530 Tue, 05 Jan 2021 10:34:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402522 Interim relief in company proceedings is assessed on the settled tests of prima facie case, balance of convenience and irreparable injury. On those parameters, broad interim protection was declined because the petitioners did not establish a sufficient prima facie entitlement and the balance of convenience was not in their favour. The Tribunal also held that deputing a security guard did not amount to legal possession on behalf of the company. At the same time, it noted concerns arising from an unregistered lease first acted upon for five years and a later registered lease for 29 years during the proceedings, and issued limited protective directions to preserve the disputed property pending final adjudication. Case-Laws Companies Law Fri, 31 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402522