NCLT Allahabad hears interim application CA No.09/2026 seeking to restrain Raphe Mphibr promoters from selling or pledging their equity shares.
Tribunal notes a previous order dated 02.01.2025 had vacated an earlier embargo, permitting the company to raise funds and alter its shareholding.
The hearing is adjourned to 30th June 2026, with pendency of this application not to impede the implementation of the prior order.
Respondents are directed to complete pleadings by the next hearing date, with one reply already filed and adopted by multiple parties.