This case involves two writ petitions (W.P.No.15788/2024 and W.P.No.15801/2024) arising from an order dated 2024-06-12 passed by the National Company Law Tribunal (NCLT), Bengaluru, in C.A.No.71/2024 in C.P.No.18/BB/2024. The company petition was filed by respondents 1 to 5 under Sections 241-242 of the Companies Act, 2013. During the pendency of the proceedings before the NCLT, respondents 1 to 5 filed an application C.A.No.71/2024 under Section 242(4) of the said Act of 2013 r/w Rules 11 and 32 of the NCLT Rules, 2016. The NCLT allowed the application, granting an injunction in favor of respondents 1 to 5 against the petitioners until the disposal of the main proceedings.
The case involves a dispute before the National Company Law Tribunal (NCLT) where respondents 1 to 5 filed a company petition against the petitioners under Sections 241-242 of the Companies Act, 2013. During the proceedings, the respondents filed an application (C.A.No.71/2024) seeking an injunction against the petitioners. The NCLT granted the injunction, leading the petitioners to file writ petitions challenging the NCLT's order. The petitioners argued that the NCLT's order was cryptic and lacked reasoning, while the respondents contended that the petitioners had violated an undertaking given to the NCLT and that the earlier orders of the NCLT should be considered in conjunction with the impugned order. The NCLT had also directed that a contempt petition and another
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The NCLT passed an…
Order passed on application C.A.No.38/2024…
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This case involves two writ petitions (W.P.No.15788/2024 and W.P.No.15801/2024) arising from an order dated 2024-06-12 passed by the National Company Law Tribunal (NCLT), Bengaluru, in C.A.No.71/2024 in C.P.No.18/BB/2024. The company petition was filed by respondents 1 to 5 under Sections 241-242 of the Companies Act, 2013. During the pendency of the proceedings before the NCLT, respondents 1 to 5 filed an application C.A.No.71/2024 under Section 242(4) of the said Act of 2013 r/w Rules 11 and 32 of the NCLT Rules, 2016. The NCLT allowed the application, granting an injunction in favor of respondents 1 to 5 against the petitioners until the disposal of the main proceedings.
The case involves a dispute before the National Company Law Tribunal (NCLT) where respondents 1 to 5 filed a company petition against the petitioners under Sections 241-242 of the Companies Act, 2013. During the proceedings, the respondents filed an application (C.A.No.71/2024) seeking an injunction against the petitioners. The NCLT granted the injunction, leading the petitioners to file writ petitions challenging the NCLT's order. The petitioners argued that the NCLT's order was cryptic and lacked reasoning, while the respondents contended that the petitioners had violated an undertaking given to the NCLT and that the earlier orders of the NCLT should be considered in conjunction with the impugned order. The NCLT had also directed that a contempt petition and another
…The NCLT passed an…
Order passed on application C.A.No.38/2024…
Sign in to view related legal provisions.