Authority: National Company Law Tribunal, New Delhi Court – IV (Special Bench)
Order Date: 14 July 2026
Case Overview
The National Company Law Tribunal (NCLT) in New Delhi listed a matter for a future hearing date. The case, CP/208/ND/2021, involves an application filed by Vinay Mahajan against Chemcaps Limited. The application is made under Sections 241-242 of the Companies Act, 2013, which pertain to provisions for relief in cases of oppression and mismanagement in a company. The matter was heard by a special bench consisting of Shri Mahendra Khandelwal, Hon'ble Member (Judicial) and Shri Yogendra Kumar Singh, Hon'ble Member (Technical) via a hybrid hearing (physical and video conference). Legal counsel for both the applicant (Mr. Saurabh Upadhyay, Ms. Hardikaa Kalia, Mr. Pratham Bagga) and the respondent (Mr. Saurabh Kalia, Ms. Laxmi Chaudhary) were present. No substantive order on the merits of the case was passed in this hearing.
Final Outcome
The tribunal did not issue any ruling on the allegations of oppression and mismanagement. The matter was simply adjourned and listed to be heard before the Regular Bench on 08 September 2026. The proceedings remain ongoing.
Topics: NCLT, Corporate Law