2019 (2) TMI 1948 - HC - Companies Law

Disabling the DIN of the petitioners - HELD THAT - There shall be interim stay of the proceedings disabling the DIN of the petitioners. There shall be a further direction to the 1 st respondent to restore the DIN numbers of the petitioners, pending disposal of this Writ Petition, so as to enable them to submit annual returns and financial statements of the active companies in which they are Directors.

Summary

The High Court of Telangana granted an interim stay of proceedings, disabling the DIN of the petitioners. The court directed the 1st respondent to restore the DIN numbers of the petitioners for active companies, allowing them to submit annual returns and financial statements.