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    <title>2020 (3) TMI 1397 - NATIONAL COMPANY LAW TRIBUNAL, KOLKATA</title>
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    <description>The Tribunal granted leave for the late filing of the reply affidavit by R-1 and directed the petitioners to file a rejoinder within three weeks. Despite objections, the Tribunal maintained the status quo by restraining R-1 from disposing of property until the application&#039;s disposal to prevent the petitioners from losing the agreed-upon amount. R-1&#039;s challenge to the execution application&#039;s maintainability was considered, but the Tribunal upheld the restraint to safeguard the petitioners&#039; interests. Cheques were to be temporarily held by the Special Officer pending a decision on maintainability, and R-1 was directed to pay the fee due. R-2 was granted a two-week extension to file a reply affidavit.</description>
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    <pubDate>Wed, 04 Mar 2020 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=301028</link>
      <description>The Tribunal granted leave for the late filing of the reply affidavit by R-1 and directed the petitioners to file a rejoinder within three weeks. Despite objections, the Tribunal maintained the status quo by restraining R-1 from disposing of property until the application&#039;s disposal to prevent the petitioners from losing the agreed-upon amount. R-1&#039;s challenge to the execution application&#039;s maintainability was considered, but the Tribunal upheld the restraint to safeguard the petitioners&#039; interests. Cheques were to be temporarily held by the Special Officer pending a decision on maintainability, and R-1 was directed to pay the fee due. R-2 was granted a two-week extension to file a reply affidavit.</description>
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