https://www.taxtmi.com/caselaws?id=756399 Karnataka HC set aside NCLT's interim injunction order against petitioners for being unreasoned and non-speaking. The NCLT failed to consider the triple test for interim injunctions (prima facie case, balance of convenience, and irreparable injury) and violated principles of natural justice by not providing adequate reasons. Despite respondents' argument that appeal under Section 421 of Companies Act, 2013 was available, HC held that violation of natural justice principles warranted intervention under Articles 226 and 227. Matter remitted to NCLT for fresh consideration with proper reasoning. en-us Tue, 02 Jul 2024 00:00:00 +0530 Thu, 01 Aug 2024 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756399 Karnataka HC set aside NCLT's interim injunction order against petitioners for being unreasoned and non-speaking. The NCLT failed to consider the triple test for interim injunctions (prima facie case, balance of convenience, and irreparable injury) and violated principles of natural justice by not providing adequate reasons. Despite respondents' argument that appeal under Section 421 of Companies Act, 2013 was available, HC held that violation of natural justice principles warranted intervention under Articles 226 and 227. Matter remitted to NCLT for fresh consideration with proper reasoning. Case-Laws Companies Law Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756399