2004 (1) TMI 378 - SC - Companies Law

Interim order passed by a Division Bench of the Bombay High Court ?

Held that:- Appeal allowed. The High Court has not indicated any reason while giving interim protection. Though, while passing interim orders, it is not necessary to elaborately deal with the merits, it is certainly desirable and proper for the High Court to indicate the reasons which has weighed with it in granting such an extraordinary relief in the form of an interim protection. This, admittedly has not been done in the case at hand.