NCLAT Admits Sudhir Thackersey Appeal Against Capricon Realty

Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: November 2, 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) admitted a company appeal (Comp. App. (AT) No. 414 of 2026) filed by Sudhir Thackersey (Appellant) against Capricon Realty Pvt. Ltd. and Others (Respondents). The appeal challenges the impugned order dated October 16, 2026, passed by the National Company Law Tribunal (NCLT), which had rejected the appellant's application preferred under Section 244 of the Companies Act, 2013. Section 244 deals with the eligibility criteria for applying to the Tribunal in cases of oppression and mismanagement. Out of the five respondents, four have entered appearance, while Respondent No. 5 was noted to have been dropped from the proceedings by the NCLT order itself.

Final Outcome

The NCLAT admitted the appeal and issued procedural directions. The respondents (excluding the dropped Respondent No. 5) were directed to file their counter to the company appeal within a period of three weeks from the order date (November 2, 2026). The matter was listed for the next hearing on January 11, 2027. The bench comprised Justice Sharad Kumar Sharma (Member - Judicial), Arun Baroka (Member - Technical), and Indevar Pandey (Member - Technical).

Topics: NCLAT, Shareholder Dispute, Corporate Law