Status 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

Answers (1)

118 votes

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

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Corporate Lawyers

Advocate Rajesh Rai
Sector-19, Dwarka, Delhi
20 years Experience
Advocate Sunil Kumar Bakshi
Sector-16, Faridabad
33 years Experience
Advocate Bala Janaki
330 Thambuchetty Street, Chennai
35 years Experience
Advocate Prerna Oberoi
Sector 41, Noida
8 years Experience

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 and has been responded by one of the Corporate Lawyers at 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 or contact a Lawyer of your choice to address your query in detail.

Related Questions

" has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

Related Articles