Case Details
Case Name: Faith Mercantile Private Limited & Anr. versus Shakumbari Sugar and Allied Industries Limited & Ors.
Court/Authority: National Company Law Tribunal, Allahabad Bench, Prayagraj
Case Numbers: CA No.12/2026 in CP No.10/ALD/2026
Date of Order: 21st May, 2026
Legal Provisions: Sections 241/242 of the Companies Act, 2013
Parties Involved
Petitioners: Faith Mercantile Private Limited & Anr. (Another)
Respondents: Shakumbari Sugar and Allied Industries Limited & Ors. (Others)
Tribunal Members: Shri Praveen Gupta (Hon'ble Member - Judicial), Shri Ashish Verma (Hon'ble Member - Technical)
Court Officials: Shashank Priyadarshi (Court Officer), Bipul Kumar Tiwari (Stenographer)
Final Ruling & Enforcement
The National Company Law Tribunal Allahabad Bench could not take up the matter due to paucity of time during the hearing on 21st May, 2026. The bench accordingly adjourned the matter to 23rd July, 2026 for further hearing. No substantive proceedings or arguments were heard on the merits of the case during this hearing date.
The matter remains pending before the tribunal under Sections 241/242 of the Companies Act, 2013, which pertain to provisions for relief in cases of oppression and mismanagement in companies.