NCLAT Rejects Stay on Sanghi Spinners Directorship Order

NCLAT Chennai rejects stay application IA No. 1097/2024 against NCLT Hyderabad's order in CP No. 26/2008.
NCLT order declared Girish Sanghi's 2007 directorship removal invalid and directed RoC Telangana to restore his status.
Appellants Amit and Swati Sanghi sought stay on order partially allowing oppression and mismanagement petition.
Tribunal held granting stay would amount to final relief and disrupt company's directorship status finality.