2026 (5) TMI 1846

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....aprakash V. Raju, A.S.G., Mr. Zoheb Hussain, Adv., Mr. Annam Venkatesh, Adv., Mr. Vivek Gurnani, Adv., Ms. Sairica Raju, Adv., Mr. Arvind Kumar Sharma, AOR, For Respondent(s) Mr. Mukul Rohtagi, Sr. Adv., Mr. Abhishek Malhotra, Sr. Adv., Ms. Stuti Gujral, Adv., Ms. Shubhangni Jain, Adv., Ms. Mitali Umat, Adv., Mr. Abhay Pratap Singh, AOR, Mr. Ayush Kaushik, Adv.   ORDER 1. Leave grant....

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.... with the subsidiary company here. The High Court has rightly taken note of the relevant facts while exercising such discretion which is to permit the withdrawal of funds for the purpose of payment of salaries to the employees alone. 5. In our considered view, after relegating the respondent to exercise the statutory remedy before the Adjudicating Authority, the High Court ought not to have exe....