https://www.taxtmi.com/caselaws?id=300346 A prior investment and bond arrangement allegedly barred creation of liens, pledges, encumbrances and third-party rights during the bond period. A later facility agreement, proposed to be secured against group assets, was said to conflict with those restrictions and risk prejudice to the plaintiff. On that basis, the Court found a prima facie case for interim protection and granted an ex parte ad interim injunction restraining the defendants from creating encumbrances or otherwise acting on the impugned security arrangement until the next hearing, with compliance directed under Order 39 Rule 3. en-us Fri, 12 Oct 2018 00:00:00 +0530 Wed, 26 Jan 2022 15:28:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300346 A prior investment and bond arrangement allegedly barred creation of liens, pledges, encumbrances and third-party rights during the bond period. A later facility agreement, proposed to be secured against group assets, was said to conflict with those restrictions and risk prejudice to the plaintiff. On that basis, the Court found a prima facie case for interim protection and granted an ex parte ad interim injunction restraining the defendants from creating encumbrances or otherwise acting on the impugned security arrangement until the next hearing, with compliance directed under Order 39 Rule 3. Case-Laws Insolvency and Bankruptcy Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300346