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1988 (9) TMI 273 - SC - Companies LawWhether there is need for the continuance of the order of injunction passed by this court on August 25, 1988? Held that:- It is difficult in the absence of any reliable data for any person to come to a conclusion as to how exactly the publication of articles of the type published by the respondents would cause prejudice in the manner contended for by the petitioner. It seems to me, however, that the danger apprehended by the petitioner company is not so real or substantial as to warrant the continuance of the injunction order passed by us on August 25, 1988. Even if, for the purpose of argument, one were to assume that such claims for refund will be made, they cannot straightaway harm the interests of the petitioner company. There is no possibility that, pending determination of the issues raised, any court will order interim relief to such applicants by way of grant of such refunds. The petitioner will be liable to make any such refund only if it is ultimately decided by this court or any other court that the issue of debentures is invalid and that the application moneys have to be refunded. That, of course, the company will have to do in any event. There is however, no immediate cause for any apprehension on the part of the petitioner that the publication of any such article could abort the debenture issue in the manner it could have done before August 31, 1988. I, therefore, agree that there is no justification for the continuance of the interim order dated August 25, 1988, any longer.
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