HC's Division Bench upholds order restraining sale of assets by Williamson

Eveready said in its exchange filing that the company is in the process of taking appropriate action as required, based on advice from its legal counsel

The Division Bench of the Delhi High Court has upheld an injunction order restraining Williamson Magor group companies from selling or transferring assets.

Eveready Industries India, the battery maker in the Williamson Magor group, said in a stock exchange filing on Thursday that Delhi High Court had in reference to a matter filed against some of the promoters of the company with regard to alleged dues passed an ad-interim ex-parte order of injunction by which the company had been restrained from selling, transferring, alienating, disposing, assigning, dealing, encumbering or creating third party rights on any of its assets and carrying