2010 (8) TMI 1056 - SCH - Indian Laws

Summary

The Supreme Court issued an order directing the parties to maintain status quo regarding the management of the company. The respondent can file a counter affidavit within two weeks, with a rejoinder affidavit allowed thereafter. Service on the respondent is dispensed with as they are represented on caveat. The order does not affect proceedings before the Board for Industrial and Financial Rehabilitation and the Appellate Authority.