https://www.taxtmi.com/caselaws?id=430085 The Tribunal disposed of the application for interim relief, allowing the company to continue as a going concern while safeguarding the interests of all parties involved. The rights issue was not reversed, and the shareholding pattern was to be subject to the main petition's outcome. Asset alienation was restrained, but directors could raise loans against fixed assets. Fixed assets were not to be disposed of until the main proceeding's disposal, and share allotment through the rights issue was subject to the main petition's outcome on merits. en-us Fri, 14 Oct 2022 00:00:00 +0530 Fri, 11 Nov 2022 09:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430085 The Tribunal disposed of the application for interim relief, allowing the company to continue as a going concern while safeguarding the interests of all parties involved. The rights issue was not reversed, and the shareholding pattern was to be subject to the main petition's outcome. Asset alienation was restrained, but directors could raise loans against fixed assets. Fixed assets were not to be disposed of until the main proceeding's disposal, and share allotment through the rights issue was subject to the main petition's outcome on merits. Case-Laws Companies Law Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430085