Case Details
Case Name: Amarjit Singh Bagga vs. Fashionage Corporation Private Limited
Court/Authority: National Company Law Tribunal (NCLT), New Delhi Principal Bench
Case Number: CP 73/241-242/PB/2023
Order Date: 21 May 2026
Next Hearing Date: 28 May 2026
Legal Provisions: Order under Section 241(1), 242(4) of the Companies Act, 2013
Parties Involved
Petitioner: Amarjit Singh Bagga
Respondent: Fashionage Corporation Private Limited
Legal Representation:
- For Applicant/Petitioner: Mr. Virender Ganda (Senior Advocate), Ms. Ishika Sharma, Mr. Shrey Patnaik, Mr. Kush Taneja, Ms. Saira Khan (Advocates)
- For Respondent: Mr. Gaurav Mitra, Mr. Govind Rishi, Ms. Kriti Krishana (Advocates)
- Additional representation for R-2 in IA(CA)-28/2026: Ms. Sangeeta Sondhi and Mr. Amit Patra (Advocates)
Tribunal Bench:
- Justice Anupinder Singh Grewal (Hon'ble President)
- Shri Ravindra Chaturvedi (Hon'ble Member - Technical)
Issues / Allegations / Violations
The matter involves a petition filed under Sections 241(1) and 242(4) of the Companies Act, 2013, which pertain to oppression and mismanagement in the affairs of a company. The specific allegations or violations are not detailed in this particular order document.
Findings & Observations
The Tribunal noted that multiple interim applications and company applications are pending alongside the main petition. The bench suggested that the parties explore the possibility of an amicable settlement.
Corrective Actions & Future Obligations
The court has directed both parties to seek instructions regarding the possibility of settlement and report back on the next hearing date.
Final Ruling & Enforcement
The matter has been adjourned to 28 May 2026 for further proceedings. All pending applications, including IA(CA)-344/2023, IA(CA)-397/2023, IA(CA)-398/2023, IA(CA)-402/2023, CA-413/2023 through CA-422/2023, IA(CA)-34/2024, IA(CA)-177/2024, IA(CA)-359/2025, IA(CA)-325/2025, IA(CA)-25/2026, IA(CA)-28/2026, IA(CA)-85/2026, and New IA(CA)-197/2026 through New IA(CA)-200/2026, have been listed for the same date.
The hearing was conducted in hybrid mode (physical and video conference).