New Delhi, June 25 -- A Delhi court has granted ad-interim relief in a derivative suit instituted by Fairplan Distributors Pvt. Ltd., restraining Advik Capital Ltd. and certain other defendants from taking further steps in relation to the company's proposed rights issue of equity shares.

Vacation Judge and District Judge Dr. Pankaj Sharma of the Patiala House Courts passed the order after observing that the plaintiff had established a prima facie case warranting interim protection.

The court restrained the defendants from proceeding with the proposed rights issue, including filing the letter of offer with the Securities and Exchange Board of India (SEBI), dispatching the abridged letter of offer, opening the subscription period, receivi...