Authority: National Company Law Tribunal, New Delhi Bench (Court – II)
Order Date: June 12, 2026
Case Overview
This is a procedural order from the National Company Law Tribunal (NCLT) concerning Company Petition No. CP-63/ND/2012 and connected Interlocutory Applications (IA-270/ND/2023, IA-180/ND/2026). The petition has been filed by Kanti Prasad Agarwal & Others (Applicants/Petitioners) against M/s Galaxy Nirmaan Pvt. Ltd. (Respondent) under Sections 397 and 398 of the Companies Act, 1956, which pertain to relief in cases of oppression and mismanagement of a company's affairs.
The hearing was conducted in a hybrid mode (Virtual and Physical). Legal counsel for both parties were present. For the Applicant: Advocates Arun Saxena and Malini. For the Respondent: Advocates Rachit Mittal, Parish Mishra, Kanishk Raj, Srishti Agrawal, Abhishek Sinha, and Shivansh Bansal.
The bench, comprising Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi, noted that the time for the day's proceedings had concluded ("It is already 1:00 pm. No time left.").
Final Outcome
The tribunal did not deliberate on the merits of the case. The sole outcome of this order is the adjournment of the proceedings. The matter has been listed for its next hearing on August 11, 2026.
Topics: Corporate Law, NCLT Proceedings