Authority: National Company Law Tribunal, New Delhi Court-IV (Special Bench)
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT) in New Delhi was hearing a company petition numbered CP/118/ND/2026. The petition was filed by Himesh Jain (Applicant) against Mahabhadra Holdings Private Limited (Respondent). The matter was filed under Sections 241-242 of the Companies Act, 2013, which pertain to cases of oppression and mismanagement in a company. The hearing was conducted in a hybrid mode (physical and video conference).
Final Outcome
The hearing was adjourned because no one appeared on behalf of the petitioner, Himesh Jain, at the scheduled time. In the interest of justice, the Special Bench comprising Member (Judicial) Shri Mahendra Khandelwal and Member (Technical) Shri Yogendra Kumar Singh ordered an adjournment. The matter has been relisted for the next hearing on July 21, 2026. No substantive orders on the merits of the oppression and mismanagement allegations were passed in this hearing.
Topics: NCLT, Companies Act, Corporate Dispute