Section 324 of the Companies Act, 2013
Section 324 of the Companies Act, 2013 deals with the Provision relating to interim orders by the Tribunal.
📜 Section 324 – Interim Orders by Tribunal
🔹 Key Provisions:
Interim Relief:
The National Company Law Tribunal (NCLT), while hearing any petition or application under the Companies Act, 2013, has the power to pass interim orders as it thinks fit.
Purpose of Interim Orders:
These orders can be passed to:
Protect the interests of parties involved,
Prevent any injustice or damage during the pendency of the proceeding,
Maintain status quo,
Or any other relief as deemed necessary until the final disposal of the matter.
Discretion of Tribunal:
The Tribunal exercises this power based on the facts and circumstances of each case, and it is a flexible power to ensure justice.
✅ Purpose:
To enable the Tribunal to act promptly and fairly by granting temporary relief, preventing misuse or harm while the main issues are being adjudicated.
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