Authority: National Company Law Tribunal Chandigarh Bench (Court - II)
Order Date: 16.07.2026
Case Overview
The matter involves two connected applications (COMP.APPL/105(CH)2026 and COMP.APPL/34(CH)2026/80(CH)2026) along with the main petition CP No. 58/Chd/Pb/2025. The petitioners are Akhil Kumar Arora & Others versus respondents Rishabh Fourwheels Pvt. Ltd. & Others. The proceedings are under Sections 241-244 and 242(4) of the Companies Act, 2013, concerning allegations of oppression and mismanagement.
COMP.APPL/105(CH)2026 is an application filed by the original respondents in the main petition under Rule 11 of NCLT Rules, 2016, seeking modification of the interim order dated 25.09.2025 and requesting certain other directions.
The bench comprised Hon'ble Member (Judicial) Shri K. Biswal and Hon'ble Member (Technical) Shri K.K Singh. Representation included Mr. Aalok Jagga and Mr. Sahil Lohan for the applicants in COMP.APPL/105(CH)2026, Mr. Atul V. Sood for the petitioners in the main petition, Mr. Harshit Agarwal for Respondent Nos. 3 & 4, and Mr. Saurabh D. Karan Singh for Respondent No. 1.
The tribunal heard arguments from counsel for both parties regarding the modification application. Notice was issued to respondents, but since counsel was present and ready to accept notice, formal issuance was dispensed with. The tribunal granted two weeks' time to respondents for filing reply to the application and one week's time for filing rejoinder by the applicant thereafter.
Final Outcome
Due to paucity of time, the matter could not be heard on 16.07.2026. Both the modification application (COMP.APPL/105(CH)2026) and the main petition (CP No. 58/Chd/Pb/2025) along with connected applications have been adjourned to 10.09.2026 for next hearing. No substantive decisions on the merits of the case or the modification request were made in this order.
Topics: Corporate Litigation, NCLT Proceedings