Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: July 7, 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Principal Bench, comprising Justice Anupinder Singh Grewal (President) and Shri Ravindra Chaturvedi (Member Technical), heard CP No. 42/241-242/PB/2026. The petition was filed by Naresh Kumar Chibba against Interads Advertising Private Limited and others under Sections 241, 242 and 244 of the Companies Act, 2013, which pertain to cases of oppression and mismanagement in companies.
Representation included Mr. Neeraj Malhotra (Senior Advocate) with Mr. Nimish Gupta for the applicant, and Mr. Sumant Batra with Mr. Rohin Dubey and Ms. Chavi for the respondent. Other individuals present included Mr. Amitabh Awasthy, Mr. Pradeep Chopra, party-in-person Neelam Awasthy, Mr. Rajesh Kumar Chhiba, Mr. Chibber, Advocates with Mr. Mukesh Kumar Sharma, Mrs. [name unclear], and Mr. Maresh L. Chibba (Petitioner in person).
The parties reported to the tribunal that despite their best efforts, the matter could not be settled out of court.
Final Outcome
The NCLT adjourned the matter and listed it for arguments on September 17, 2026. The case will be heard along with connected application CA-116/2026. No substantive ruling on the oppression and mismanagement allegations was made in this order.
Topics: NCLT Proceedings, Corporate Dispute Resolution