Srinagar, June 13 -- The National Company Law Tribunal (NCLT) has appointed a provisional liquidator for Siraj-Ul-Uloom Welfare Foundation and restrained it from disposing of assets after observing that there was a prima facie case that the institution had been used for activities "prejudicial to the sovereignty, security and integrity of India."The order, passed by the Chandigarh Bench of the NCLT on June 11, came on a petition filed by the Registrar of Companies (RoC), Jammu & Kashmir and Ladakh, under Sections 271 and 272 of the Companies Act seeking winding up of the Section 8 Company.
The tribunal directed that the Official Liquidator attached to the High Court of Jammu & Kashmir and Ladakh take immediate charge of the affairs, assets...