CARE Ratings' Asset Alienation Injunction Vacated by Madras High Court
The injunction previously restraining the alienation of assets by CARE Ratings Limited has been vacated by the Madras High Court following the company’s compliance with a specific court directive.The Madras High Court order dated June 3, 2026, vacated the restraint on asset alienation that had been in place. This action follows an earlier injunction, issued by the same court via an order dated February 1, 2023, which mandated the provision of adequate security from the company until the restriction was lifted.
CARE Ratings Limited fulfilled the requirements set forth in the February 1, 2023, order, which was done without prejudice to the rights of the company in its appeals. The company received a copy of the vacating court order on June 4, 2026.
CARERATING Stock Price Movement
On Thursday, shares of CARE Ratings Limited slipped by 0.59% to close at ₹1618.6, shedding ₹9.60 from the previous day's valuation. The equity recorded a volume of 85,888 shares during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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