CARE Ratings Limited has announced that the Hon'ble Madras High Court has vacated an injunction that previously restrained the company from alienating its assets. This injunction, initially issued via an order dated February 1, 2023, was in effect until the company provided adequate security. The company has now complied with the February 1, 2023 order, leading to the vacation of the injunction by the Court's order dated June 3, 2026. CARE Ratings received a copy of this vacating order on June 4, 2026. The company had previously disclosed the injunction in letters dated February 3, 2023, and April 20, 2023, noting that compliance was made without prejudice to its rights in ongoing appeals. This development effectively removes a significant restriction on the company's ability to manage its assets.
