NCLT Adjourns MPN Fincap Oppression Mismanagement Case

Authority: National Company Law Tribunal, New Delhi Court-III (Division Bench)

Order Date: 08.06.2026

Case Overview

This order pertains to Company Petition No. CP-35/241-242/ND/2024, filed by Sanjay Aggarwal (Petitioner/Applicant) against MPN Fincap Pvt. Ltd. & Others (Respondents). The petition was filed under Sections 241 and 242 of the Companies Act, 2013, which deal with cases of oppression and mismanagement in the affairs of a company. The hearing was conducted in a hybrid mode (physical and video conference). The petitioner was represented by advocates Mr. GP Madaan and Mr. Aditya Madaan. The respondents were represented by advocates Mr. Arun Saxena and Ms. Shanu Pastore.

Final Outcome

The bench, comprising Hon'ble Member (Judicial) Shri Bachu Venkat Balaram Das and Hon'ble Member (Technical) Shri Ravindra Chaturvedi, adjourned the matter. The order states the reason for adjournment as "paucity of time." The next hearing in the case is scheduled for 10.08.2026. The order was signed by Shri Ravindra Chaturvedi, Member (Technical).

Topics: NCLT, Oppression and Mismanagement, Corporate Law