Authority: National Company Law Tribunal Allahabad Bench Prayagraj, Division Bench
Order Date: 16th July, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard CP No.95/ND/2016, a petition filed under Sections 397/398 of the Companies Act, 1956 concerning oppression and mismanagement. The case involves petitioners Ram Avtar Aggarwal & Others versus respondents M/S Arcadia Realty Pvt Ltd & Others. During the hearing held on 16th July, 2026, the petitioner's counsel, Sh. Kinshuk Chatterjee, appeared physically and informed the bench that he had recently been engaged in the matter. The counsel stated that the vakalatnama (power of attorney) had already been filed and requested additional time to construct his case file for proper representation.
Final Outcome
The bench comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma granted the requested adjournment. The matter has been rescheduled for hearing on 20th August, 2026. No substantive arguments were heard or decisions made on the merits of the case during this procedural hearing.
Topics: NCLT Proceedings, Corporate Oppression, Real Estate