Respondents Cannot Impose Rs. 1250 Lakhs Liability Due to Conflict with Articles of Association and NCLT Order.

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....Creation of the encumbrance over the assets of the Respondent Company - if the Respondents want to block out Petitioner, hiding behind the Arbitration clause, in equity, they cannot claim discretionary relief to create such a huge liability of ₹ 1250 Lakhs, riding on the back of NCLT Order which, prima facie, is against the Articles of Association.....