[Edaily Reporter Shin Ha-yeon ] Cellid Co., Ltd.(299660)announced on the 5th that the Seoul Central District Court had dismissed Ms. Lee’s application for a preliminary injunction to prohibit the issuance of new shares.
The court dismissed the application, stating, “Considering the circumstances evident from the record and the overall context of the hearing, it is difficult to conclude that the right to be preserved in this case has been sufficiently demonstrated.”
The court ordered the applicant, the creditor, to bear the litigation costs. Previously, on the 28th of last month, Ms. Lee had filed a motion for a preliminary injunction against Cellid Co., Ltd. to prohibit the issuance of new shares.
The court dismissed the application, stating, “Considering the circumstances evident from the record and the overall context of the hearing, it is difficult to conclude that the right to be preserved in this case has been sufficiently demonstrated.”
The court ordered the applicant, the creditor, to bear the litigation costs. Previously, on the 28th of last month, Ms. Lee had filed a motion for a preliminary injunction against Cellid Co., Ltd. to prohibit the issuance of new shares.
