quesStatus Quo on property of a private limited company

I m a minority share holder of a private ltd company and I have filed a case of operation and mismanagement section 397/398 on the board of directors and the court has given a status quo on the very first hearing on company's Property and share holding. Case is going on since last few years but now the company directors have taken a loan on the property. I want to know can the company take a loan on this property ? Can I file a contempt of court application and what action can be taken on board of directors

  • ans

    We will have to examine the order of the company board. If the status quo is on the property of the company, then the company cannot take a loan and you can move an application of contempt.

    So please show us the order so that we can give exact legal solution

  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Corporate Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
  • IPC Section 397 - Robbery or dacoity, with attempt to cause death or grievous hurt
Consult best Corporate lawyers in India

Similar questions

I have Signed an NDA with a startup without accepting their offer letter. I do…
I worked in an it firm in. While joining I signed an agreement in which…
I worked in a startup company. It got shut down without any prior notice. They…
This is a situation where my HR manager offered me promotion as my team was…

Corporate Lawyers in India

Dr. Sudhir Ravindran

 Experience: 18 years

Advocate Ayantika Mondal

 Experience: 8 years

Advocate Sunil Dalal

  New Friends Colony
 Experience: 20 years

Advocate Ujwal Phasate

  Kukde Lay Out
 Experience: 8 years

View all >>

Quick Consult

Get 15 Minutes of Expert Legal Advice on Phone right now

Ask a Free Question

Post a Question online and get free advice from multiple lawyers by email

Find a Lawyer

Easily find and book private consults with top lawyers in India

Get Fee Estimate

Receive multiple quotations for your legal requirement instantly