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2021 (2) TMI 123 - NATIONAL COMPANY LAW TRIBUNAL , KOCHI BENCHSeeking to refrain the act of the Respondent Company to initiate the corporate restructuring by way of incorporating a Holding Company - seeking to bring three of the group companies under it thereby establishing a holding-subsidiary relationship and to require the maintenance of status quo as regards to shareholding pattern of the Company - seeking not to resort to alienation, transfer, lien, lease etc of the movable/immovable properties of the R-1 Company - Power to punish for contempt - Section 425 of the Companies Act - HELD THAT:- As rightly pointed out by the learned counsel for the respondents 1, 4, 15, 24, 25, if the respondents have violated the interim orders passed by this Tribunal on 4.11.2019 and 6.1.2020, the only remedy available to the applicants is to initiate contempt proceedings against the erring respondents. The application is not maintainable.
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