National Stock Exchange of India Ltd. v. Sumpoorna Portfolio Limited
Case brief
What is this about?
NSE v. Sumpoorna Portfolio Ltd., Bombay HC (Marne J., 29-09-2025), IA 4343/2025 in Commercial Suit 61/2025 — interim relief in commercial recovery suit; temporary injunction (disclosure affidavit of assets/ITRs/related-party transactions + restraint on alienation, prayer cl. 43(a),(e)) granted against Defendant No.1 only, unopposed; injunction withheld from Defendants 2–4 with liberty for fresh application on proof of fund diversion; contentions kept open; no statutes or cases cited.
What did the court decide?
Interim Application disposed of by granting temporary injunction against Defendant No.1-Company alone, in terms of prayer clauses 43(a) and (e): (i) affidavit disclosing all movable/immovable assets including securities, investments, group-company shareholdings and receivables with encumbrances and valuation; (ii) income-tax returns for the last three years; (iii) documents on related-party transactions; and (iv) restraint on transferring, alienating, selling, disposing of or encumbering assets during pendency of the suit. Liberty reserved to the Plaintiff to file a fresh application against Defendant Nos.2 to 4 upon noticing transfer of funds/properties from Defendant No.1.