https://www.taxtmi.com/caselaws?id=444459 The SC allowed the appeals, setting aside the NCLAT's interim order that directed maintaining the status quo without justification. The SC ruled that actions related to the appointment of the Executive Chairperson at the upcoming AGM of Finolex Cables Limited must be contingent on the outcome of the pending appeal before the NCLAT. This decision ensures that the AGM proceedings are aligned with the appellate tribunal's pending decision. Any pending applications were disposed of in accordance with the SC's modifications to the interim direction. en-us Tue, 26 Sep 2023 00:00:00 +0530 Mon, 16 Oct 2023 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444459 The SC allowed the appeals, setting aside the NCLAT's interim order that directed maintaining the status quo without justification. The SC ruled that actions related to the appointment of the Executive Chairperson at the upcoming AGM of Finolex Cables Limited must be contingent on the outcome of the pending appeal before the NCLAT. This decision ensures that the AGM proceedings are aligned with the appellate tribunal's pending decision. Any pending applications were disposed of in accordance with the SC's modifications to the interim direction. Case-Laws Insolvency and Bankruptcy Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444459