Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 2nd July, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench, comprising Member (Judicial) Praveen Gupta and Member (Technical) Ashish Verma, heard multiple connected applications (CA No.273/2018, CA No.54/2019, CA No.235/2019 & CA No.236/2019) in the main company petition CP No.79/ALD/2016. The petition was filed under Sections 241/244 of the Companies Act, 2013 by Prajnajy Sharma against Allahabad Galvanizing Pvt Ltd & Others, indicating a matter concerning oppression and mismanagement of a company.
During the hearing, Senior Advocate Rahul Sripat, representing respondent numbers 1, 3, and 4 to 9 and assisted by PCS Anil Kumar, sought an adjournment. He stated that according to his instructions, the matter had become infructuous, meaning the original purpose of the case may no longer be relevant or applicable.
Final Outcome
The Bench granted the adjournment and scheduled the next hearing for 16th July 2026, to be placed higher on the board. No other substantive orders or directions were issued in this hearing.
Topics: NCLT Proceedings, Corporate Dispute