https://www.taxtmi.com/caselaws?id=781640 NCLAT held the disputed property belonged to the respondent company and prior Civil Suit findings that the appellant was not a director or shareholder had attained finality. The tribunal found the company petition non-maintainable since the appellant was not a member and the petition sought enforcement of a private MOU to which the company was not party. The appellant had not repaid alleged loans under the MOU and therefore could not obtain status quo over sale of company property. Application for interim relief was dismissed; appellant may claim any share of sale proceeds after deduction of his liabilities. en-us Thu, 09 Oct 2025 00:00:00 +0530 Wed, 19 Nov 2025 08:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781640 NCLAT held the disputed property belonged to the respondent company and prior Civil Suit findings that the appellant was not a director or shareholder had attained finality. The tribunal found the company petition non-maintainable since the appellant was not a member and the petition sought enforcement of a private MOU to which the company was not party. The appellant had not repaid alleged loans under the MOU and therefore could not obtain status quo over sale of company property. Application for interim relief was dismissed; appellant may claim any share of sale proceeds after deduction of his liabilities. Case-Laws Companies Law Thu, 09 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781640