Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 22 June 2026
Case Overview
This appeal was filed by Prestolite of India Ltd. & Others against an order dated 5 June 2026 passed by the National Company Law Tribunal (NCLT), Chandigarh in Company Application No. 87 of 2026 in Company Petition No. 95 of 2024. The dispute centered on the venue for the company's Annual General Meeting (AGM) scheduled for 22 June 2026 at 11:00 AM. The appellants had originally scheduled the AGM at The Central View Hotel and Banquets, SCO 64/65, Huda Market, Sector 12, Faridabad, Haryana, 121007. However, the NCLT, through its impugned order (paragraph 10), directed that the meeting be held instead at W-134, Greater Kailash, Part-I, New Delhi-110048. The NCLT had further directed that the meeting be video-graphed to ensure participation of the applicant (Respondent No. 1 & 2) and that actions on decisions taken in the meeting should not be implemented until the next hearing date of 17 July 2026.
The appellants challenged this change of venue, arguing that the Greater Kailash address was not the company's head office. The respondents countered that many past meetings had been held at that location. During the NCLAT hearing, the appellant's counsel informed the tribunal that the proposed AGM scheduled for that day at 11:00 AM at the NCLT-directed venue had been cancelled. The respondents' counsel disputed this claim, asserting that the AGM had in fact taken place as directed.
Final Outcome
The NCLAT dismissed the appeal as infructuous. The tribunal reasoned that since the appeal specifically concerned the change of venue for the AGM scheduled for 22 June 2026, and the appellant's counsel had categorically stated that this meeting had been cancelled, the matter no longer required adjudication. The underlying application filed by the respondents remains pending before the NCLT, Chandigarh, with the next hearing scheduled for 17 July 2026.
Topics: Corporate Governance, NCLAT Proceedings