IBBI, NCLAT Judgement Dated 01/08/2025 – Allowed majority shareholders to purchase company property after directors violated interim order restraining its sale 

Case of Ashok Kumar Jain vs Manoj Kumar Gupta, NCLAT Delhi Judgement Dated 1st August 2025.  The appellate tribunal dismissed an appeal filed by the minority shareholder group, upholding an earlier order by NCLT, which had allowed the majority shareholders to purchase the sole immovable property of the company, after minority group was found to have violated a prior interim order. 

(Link: NCLAT Delhi Judgement Dated 01/08/2025)

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