https://www.taxtmi.com/caselaws?id=765153 NCLAT dismissed appeal challenging NCLT's interim order maintaining status quo in family dispute over company management. The tribunal found extreme hostilities between family members with both groups attempting to change management at will. NCLAT held the interim order under Section 242(4) preserved corporate stability, protected legally constituted board including independent directors, maintained banking relationships, and safeguarded interests of 2500 employees. The order prevented illegal takeover while protecting company's operational stability and assets. en-us Fri, 24 Jan 2025 00:00:00 +0530 Mon, 27 Jan 2025 08:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765153 NCLAT dismissed appeal challenging NCLT's interim order maintaining status quo in family dispute over company management. The tribunal found extreme hostilities between family members with both groups attempting to change management at will. NCLAT held the interim order under Section 242(4) preserved corporate stability, protected legally constituted board including independent directors, maintained banking relationships, and safeguarded interests of 2500 employees. The order prevented illegal takeover while protecting company's operational stability and assets. Case-Laws Companies Law Fri, 24 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765153