Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Order Date: 16th July, 2026
Case Overview
This is an interim order in IA No.48/2026 within the main Company Petition CP No.34/ALD/2025. The petition has been filed by Manikant Lawania against M/s Megma RFID and Labels Private Limited & Ors. under Sections 241 and 242 of the Companies Act, 2013, which pertain to proceedings for relief in cases of oppression and mismanagement. The matter was listed as a time-fixed hearing. A previous order dated 3rd June 2026 had noted the possibility of the petitioner exiting the company in light of a proposed Share Purchase Agreement (SPA).
Final Outcome
The learned counsel for the respondents raised objections to the petitioner's potential exit via the SPA. Consequently, the Bench adjourned the hearing. The matter is now rescheduled to be heard on 22nd July 2026 and is to be placed higher on the board.
Topics: NCLT, Shareholder Dispute, Corporate Governance