Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 18/06/2026
Case Overview
The proceedings involve a company petition (CP/72(AHM)2025) filed under Sections 241-242 of the Companies Act, 2013 by Harshvardhan Lunia & Ors against Lendingkart Technologies Pvt. Ltd & Ors. During the hearing, the Learned Senior Counsel for the Applicant/Petitioner expressed a willingness to settle the dispute with the Respondents and indicated an inclination to submit a settlement offer on a without prejudice basis.
The tribunal also heard two interim applications: IA/19(AHM)2026 and IA/21(AHM)2026. For IA/19(AHM)2026, the bench heard the Learned Senior Counsel for the Applicant/Petitioner and the Learned Senior Counsel for Respondent Nos. 2, 14 & 15. For IA/21(AHM)2026, the bench heard the Learned Senior Counsel for Applicant/Respondent-11 and the Learned Senior Counsel for the Petitioner.
Final Outcome
For the main company petition (CP/72(AHM)2025), the tribunal directed the Applicant/Petitioner's Senior Counsel to submit a formal settlement proposal to the opposite side within three days from the order date (18/06/2026). The Respondents are required to respond to this proposal thereafter. The matter has been adjourned and is re-listed for further consideration on 09.07.2026.
For the interim applications (IA/19(AHM)2026 and IA/21(AHM)2026), the tribunal has reserved its orders, meaning a decision will be delivered at a later date.
Topics: Company Law Dispute, Settlement Proceedings, NCLT