Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 11th June, 2026
Case Overview
The National Company Law Tribunal Allahabad Bench heard a petition filed by the Union of India through the Serious Fraud Investigation Office (SFIO) against Information Technology (India) Ltd and other respondents. The case was registered as CP No.07/2013 under sections 388 read with 397/398, 401, 402, 406, and 408 of the Companies Act 1956. These sections typically deal with serious corporate governance matters including oppression and mismanagement, fraud, and misconduct by company directors/officers.
During the hearing, counsel representing Respondents No. 3, 4, 8, 9, and 17 informed the bench that they had not received a copy of the petition. The bench comprised Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma.
Final Outcome
The NCLT bench adjourned the matter for further hearing on 20th August, 2026. No substantive rulings or decisions were made in this order, which primarily addresses procedural matters related to service of documents.
Topics: NCLT Proceedings, Corporate Governance, Legal Adjournment