https://www.taxtmi.com/caselaws?id=297079 The court granted ad-interim relief to the plaintiffs, restraining the defendant from selling pledged shares due to the significant market devaluation caused by the COVID-19 pandemic. The court acknowledged the potential irreparable loss faced by the plaintiffs if the shares were sold at the reduced market value. It deemed it necessary to provide interim protection until the next hearing date, declaring certain notices as illegal and ordering a permanent injunction against the sale of pledged shares. The court scheduled further hearings to monitor the situation and provide necessary directions. en-us Mon, 30 Mar 2020 00:00:00 +0530 Wed, 18 Aug 2021 09:26:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297079 The court granted ad-interim relief to the plaintiffs, restraining the defendant from selling pledged shares due to the significant market devaluation caused by the COVID-19 pandemic. The court acknowledged the potential irreparable loss faced by the plaintiffs if the shares were sold at the reduced market value. It deemed it necessary to provide interim protection until the next hearing date, declaring certain notices as illegal and ordering a permanent injunction against the sale of pledged shares. The court scheduled further hearings to monitor the situation and provide necessary directions. Case-Laws Indian Laws Mon, 30 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297079