The interim restraint order was granted against Islandsite Investments - which is owned by the Gupta family - in the same court in June 2021 in favour of the National Prosecuting Authority and Investigating Directorate . It allowed them to restrain assets belonging to alleged Gupta associate Iqbal Sharma, his company Nulane Investments 204 Ltd, and Islandsite Investments 180 Ltd.
Although the Islandsite directors wanted to oppose the application for the interim restraint order, the High Court found that they had "no standing" to do so without the approval of the company's business rescue practitioners.
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Gupta-company directors seek postponement in asset-restraint caseThe bid by the Investigating Directorate (ID) to restrain the assets belonging to former Gupta associate Iqbal Sharma and a company belonging to the Guptas was delayed on Thursday after the directors of Islandsite Investments 180 sought a postponement of the matter
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Gupta-company directors seek postponement in asset-restraint caseThe bid by the Investigating Directorate (ID) to restrain the assets belonging to former Gupta associate Iqbal Sharma and a company belonging to the Guptas was delayed on Thursday after the directors of Islandsite Investments 180 sought a postponement of the matter
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