https://www.taxtmi.com/caselaws?id=426599 Section 430 of the Companies Act, 2013 does not oust civil court jurisdiction where a company seeks cancellation of sale deeds and related reliefs arising from allegedly unauthorized transfers of immovable property by a former Managing Director. The dispute was treated as a civil challenge to the validity of transfers, outside the scope of Sections 241 and 242, and Section 9 CPC continued to apply absent express or implied exclusion. On interim relief, the company showed a prima facie case, balance of convenience and risk of irreparable prejudice if the properties were alienated or altered, so temporary injunctions preserving the suit properties were justified. en-us Thu, 04 Aug 2022 00:00:00 +0530 Mon, 22 Aug 2022 08:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426599 Section 430 of the Companies Act, 2013 does not oust civil court jurisdiction where a company seeks cancellation of sale deeds and related reliefs arising from allegedly unauthorized transfers of immovable property by a former Managing Director. The dispute was treated as a civil challenge to the validity of transfers, outside the scope of Sections 241 and 242, and Section 9 CPC continued to apply absent express or implied exclusion. On interim relief, the company showed a prima facie case, balance of convenience and risk of irreparable prejudice if the properties were alienated or altered, so temporary injunctions preserving the suit properties were justified. Case-Laws Companies Law Thu, 04 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426599