Income Tax Department's NCLT Petition Against VEL Business

Authority: National Company Law Tribunal, Bengaluru Bench

Order Date: 09 October 2026

Case Overview

The National Company Law Tribunal (NCLT), Bengaluru Bench, comprising Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Radhakrishna Sreepada, has admitted a petition (CP No.114/BB/2026) filed by the Income Tax Department under Section 252(3) of the Companies Act, 2013. The petition names two respondents: The Registrar of Companies and VEL Business Advisory Pvt Ltd. The specific nature of the dispute or allegations against the company are not detailed in this procedural order. The matter was heard through physical hearing/VC mode (hybrid).

Final Outcome

The Tribunal issued procedural directions, ordering that notice of the petition be sent to the Registrar of Companies (ROC). The ROC is directed to file its report within three weeks of being served with the notice copy. The petitioner (Income Tax Department) is permitted to file a compliance affidavit in response to the ROC's report within two additional weeks, with a copy to the ROC. The matter has been listed for the next hearing on 27 November 2026.

Topics: NCLT Proceedings, Company Law