Legal4 Jun 2026, 09:11 pm
Madras High Court Vacates Asset Alienation Injunction on CARE Ratings
AI Summary
CARE Ratings Ltd announced that the Hon'ble Madras High Court has vacated the injunction order dated February 1, 2023, which had restrained the company from alienating its assets. The injunction was lifted on June 3, 2026, after the company complied with the court's earlier order. This compliance was made without prejudice to the company's rights in its ongoing appeals. The company received the official order on June 4, 2026.
Key Highlights
- Madras High Court vacated asset alienation injunction.
- Injunction was in place since February 1, 2023.
- Company complied with court order to lift restriction.
- Compliance made without prejudice to company's appeals.
- Legal restriction on assets is now removed.