Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench issued a clarification order in Company Petition No. 2/MP/2025 filed under Section 252(3) of the Companies Act, 2013 read with Rule 87-A of the NCLT Rules, 2016. The petition was filed by Mr. Aditya Goyal, son of late Shri Rajendra Goyal, against the Registrar of Companies (RoC), Gwalior, seeking restoration of Balaji Transformers (Shivpuri) Pvt Ltd. The tribunal heard the counsels and reserved the matter for order, noting several procedural deficiencies in the application.
The tribunal identified multiple missing documents required for verifying statutory and procedural compliance. Specifically, the applicant failed to produce STK-5 and STK-7 documents that should accompany the record. Additionally, the applicant did not attach succession documents to establish his claim as legal heir who inherited 50% shareholding of his parents through succession. The tribunal also noted the absence of the balance sheet as of March 31, 2007, and the latest balance sheet. Furthermore, the applicant failed to file a para-wise reply to the objections raised by the Registrar of Companies.
Final Outcome
The NCLT directed the applicant to file the original/true copies of STK-5 and STK-7 documents forthwith and in any event not later than the next date of hearing. The applicant must place on record all succession documents, succession certificates, or other instruments evidencing transfer or succession of shareholding rights in the company. The tribunal also ordered the applicant to submit the balance sheet for FY 2006-07 and the latest balance sheet, and to file a para-wise, point-wise reply to each objection raised by the RoC along with supporting documents and affidavits. The matter has been listed for clarification on these limited issues on August 6, 2026.
Topics: Company Restoration, NCLT Proceedings, Compliance Requirements