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2021 (10) TMI 1085 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHIValidity of Order directing Status Quo on the shares and assets of the Appellant Company - entire share transactions was a subject matter of challenge before the Hon’ble High Court of Delhi in various connected matters - HELD THAT:- It is seen from the record that the Respondent ‘M/s. Creative Souls Technology India Ltd.’ has been restrained by the Hon’ble High Court of Delhi in exercising any rights Qua such shares vide Order dated 19.07.2021 passed in OMP/1/COMM/213 of 2021. Learned Counsel for the Appellant has also filed an Additional Affidavit with respect to the first Respondent conducting Extraordinary General Meeting removing the existing Directors and appointing its own Directors at the Board of the Appellant and submitted that Contempt Proceedings were also being initiated before the Hon’ble High Court of Delhi. We refrain from passing any observations regarding the subsequent developments as it is not a subject matter before us. Keeping in view, the factual matrix of the instant case and the fact that Orders of the Hon’ble High Court of Delhi have not been placed before NCLT, we are of the considered view that the Order be set aside and the matter be remanded to NCLT and the same shall be decided by the Tribunal taking into consideration all the Orders of the Hon’ble High Court of Delhi and shall dispose of the Company Petition as expeditiously as practicable. Application disposed off.
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