2017 (2) TMI 1421 - Tri - Companies Law

Petition is admitted - Reply may be filed within three weeks. Thereafter rejoinder, if any, may be filed within three weeks. Meanwhile, both the parties are directed to maintain status quo regarding the shareholding and composition of the Board of Directors. Meanwhile, immoveable properties of respondent no. 1 company can only be disposed of with the consent of both the parties or with the leave of the Court - List the matter on 03/04/2017 for hearing.

Summary

The National Company Law Tribunal, Kolkata ordered both parties to maintain status quo on shareholding and Board composition. Immoveable properties of respondent company can only be disposed with consent or court leave. Next hearing scheduled for 03/04/2017.