Ansal Properties Files Suit, Seeks Status Quo on Securities

Ansal Properties & Infrastructure Ltd. has filed a Commercial Civil Suit against DMI Alternative Investment Fund and others, seeking a decree of Rendition of Accounts and a Permanent Injunction. The company aims to prevent defendants from creating third-party rights on securities provided by Ansal Properties or its promoters, including pledged shares, without proper accounting and notice. The court has ordered parties to maintain status quo and restrained defendants from creating third-party rights on securities until the next hearing date.