NCLAT Clarifies NCLT Waiver Observation in Family Company Dispute

The National Company Law Appellate Tribunal (NCLAT) disposed of an appeal concerning a family company dispute under Sections 241 and 242 of the Companies Act, 2013.
The NCLAT clarified that the NCLT's observation that the appellants had waived their rights was incorrect, but the main petition remains pending before the NCLT.
The appeal was disposed of with the clarification, and the main case on oppression and mismanagement is scheduled for hearing on 16.04.2026.