Moniveda Consultants Llp vs Shajas Developers Private Limited

The Supreme Court examined an appeal against the National Company Law Appellate Tribunal's (NCLAT) order which modified interim relief granted by the National Company Law Tribunal (NCLT) in a company dispute involving Moniveda Consultants LLP and Shajas Developers Private Limited. The NCLAT had set aside the NCLT's refusal of interim relief but limited the protection to restraining parties from taking perceptive steps for one month and directed contempt proceedings to be heard by the NCLT. The Supreme Court reviewed the scope of interim relief and the procedural directions regarding contempt proceedings in the context of company law disputes.