https://www.taxtmi.com/caselaws?id=433672 The court dismissed the applications to reject the plaint or delete parties, finding distinct causes of action and deeming all defendants necessary for relief sought. Interim relief was granted against certain defendants to prevent asset alienation and secure the suit claim, with varying security provisions based on defendants' roles and liabilities. Promoters were held responsible for mismanagement, key managerial personnel for negligence, credit rating agencies for failure in obligations, auditors for lack of reasonable care, and the debenture trustee for negligence in protecting debenture holders' interests. en-us Wed, 01 Feb 2023 00:00:00 +0530 Mon, 06 Feb 2023 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433672 The court dismissed the applications to reject the plaint or delete parties, finding distinct causes of action and deeming all defendants necessary for relief sought. Interim relief was granted against certain defendants to prevent asset alienation and secure the suit claim, with varying security provisions based on defendants' roles and liabilities. Promoters were held responsible for mismanagement, key managerial personnel for negligence, credit rating agencies for failure in obligations, auditors for lack of reasonable care, and the debenture trustee for negligence in protecting debenture holders' interests. Case-Laws Companies Law Wed, 01 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433672