Authority: National Company Law Tribunal, New Delhi Bench (Court – II)
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Bench heard matter CP-144/ND/2012, which involves allegations under Sections 397-398 of the Companies Act, 1956 (pertaining to oppression and mismanagement). The applicant/petitioner is M/s Pitambara Books Pvt. Ltd., and the respondent is M/s Fortune Developers International Pvt. Ltd. & Ors. The bench was composed of Hon'ble Member (Judicial) Sh. Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Sh. Atul Chaturvedi. Legal counsel for both parties were present, with Adv. Arun Saxena, Adv. Malini, Adv. Shivansh Bansal, and others representing the applicant, and Adv. Rachit Mittal, Adv. Parish Mishra, Adv. Kanishk Raj, Adv. Srishti Agrawal, and Adv. Abhishek representing the respondent. The hearing was conducted in a hybrid mode (both physical and video conference).
Final Outcome
The bench adjourned the hearing, noting that it was already 1:00 PM and no time was left to proceed with the matter. The case was listed for the next hearing on 11 August 2026. The order was signed by both members of the bench.
Topics: NCLT Proceedings, Corporate Dispute, Hearing Adjournment