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    <title>2025 (9) TMI 1061 - ALLAHABAD HIGH COURT</title>
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    <description>HC granted interim protection to the petitioner in a dispute over Change in Shareholder/Change in Constitution related to implementation of a resolution plan under IBC. Respondents given three weeks to file counter and one week for rejoinder. As an interim measure, provided the petitioner deposits 50% of the claimed demand within one week per its undertaking, no coercive action shall be taken pursuant to the impugned communication; thereafter the Authority may grant necessary permissions so the project may commence. Petition disposed of.</description>
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      <description>HC granted interim protection to the petitioner in a dispute over Change in Shareholder/Change in Constitution related to implementation of a resolution plan under IBC. Respondents given three weeks to file counter and one week for rejoinder. As an interim measure, provided the petitioner deposits 50% of the claimed demand within one week per its undertaking, no coercive action shall be taken pursuant to the impugned communication; thereafter the Authority may grant necessary permissions so the project may commence. Petition disposed of.</description>
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