During the process of investigation and pendency of an application under Section 241(2) read with Section 242 of the Companies Act, 2013 and in view of powers conferred under Section 221, the Tribunal/NCLT is not only empowered to pass appropriate interim order against the Company but also against any person or individual, including the order to desist – Union of India, Ministry of Corporate Affairs Vs. Gitanjali Gems Ltd. and Ors. – NCLAT New Delhi
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