https://www.taxtmi.com/caselaws?id=780481 NCLAT dismissed the application for an interim injunction seeking to stall the general body meeting scheduled for 29.10.2024, finding the triple-criteria for injunctive relief unmet and the balance of convenience against preservation. The tribunal held that freezing corporate activity would defeat the spirit of IBC, as the value of the corporate stake cannot be preserved if the company is commercially crippled. Disputes over controlling power and capital increase are matters for NCLT under the Companies Act (Sec. 241/242) and not for IBC relief, so the court declined to intervene. en-us Tue, 28 Oct 2025 00:00:00 +0530 Fri, 31 Oct 2025 08:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780481 NCLAT dismissed the application for an interim injunction seeking to stall the general body meeting scheduled for 29.10.2024, finding the triple-criteria for injunctive relief unmet and the balance of convenience against preservation. The tribunal held that freezing corporate activity would defeat the spirit of IBC, as the value of the corporate stake cannot be preserved if the company is commercially crippled. Disputes over controlling power and capital increase are matters for NCLT under the Companies Act (Sec. 241/242) and not for IBC relief, so the court declined to intervene. Case-Laws IBC Tue, 28 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780481