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2021 (11) TMI 799 - Tri - Companies LawTransfer of the company property - appointment of an administrator, to direct respondent No. 1 not to increase its authorised share capital or allot any fresh shares - HELD THAT:- The applicant herein was not a shareholder when the transaction in question took place. He got associated with respondent No. 1/company subsequently. Thus, the applicant does not have locus to question the transaction in question. The applicant is not able to establish a prima facie case or balance of convenience in his favour for grant of interim relief. However, no further alienation of assets of respondent No. 1/company shall be made from the date of this order in order to avoid multiplicity of proceedings. Application disposed off.
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