https://www.taxtmi.com/caselaws?id=420475 The Tribunal dismissed the application requesting the Respondents to deposit a contribution for equity shares allotment due to ongoing disputes and the need to maintain the status quo. The decision emphasized leaving the authority to raise further share capital to the Board of Directors pending resolution of the main petition, considering financial constraints and shareholder disagreements. Another related application seeking permission to raise additional loans was granted, subject to earlier observations on shareholding and directorship issues, highlighting the importance of corporate governance and stakeholder protection. en-us Fri, 25 Mar 2022 00:00:00 +0530 Sat, 02 Apr 2022 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420475 The Tribunal dismissed the application requesting the Respondents to deposit a contribution for equity shares allotment due to ongoing disputes and the need to maintain the status quo. The decision emphasized leaving the authority to raise further share capital to the Board of Directors pending resolution of the main petition, considering financial constraints and shareholder disagreements. Another related application seeking permission to raise additional loans was granted, subject to earlier observations on shareholding and directorship issues, highlighting the importance of corporate governance and stakeholder protection. Case-Laws Companies Law Fri, 25 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420475