https://www.taxtmi.com/caselaws?id=762895 NCLAT Chennai set aside an interim order dated 20.11.2024 passed under sections 241/242 of Companies Act, 2013 for violating principles of natural justice. The tribunal failed to consider rival contentions and assign reasons while granting interim protection without inviting objections. By consent, appellant was permitted to file stay vacation application within one week before the adjudicating authority, which must decide within three weeks after considering all contentions and assigning proper reasons. Previous observations would not affect the fresh application's outcome. en-us Fri, 06 Dec 2024 00:00:00 +0530 Tue, 10 Dec 2024 08:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762895 NCLAT Chennai set aside an interim order dated 20.11.2024 passed under sections 241/242 of Companies Act, 2013 for violating principles of natural justice. The tribunal failed to consider rival contentions and assign reasons while granting interim protection without inviting objections. By consent, appellant was permitted to file stay vacation application within one week before the adjudicating authority, which must decide within three weeks after considering all contentions and assigning proper reasons. Previous observations would not affect the fresh application's outcome. Case-Laws Companies Law Fri, 06 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762895