Case Details
Case Name: Mr. Ishwar Lal vs. M/s. RP Singhal Builders Pvt Ltd. & ors.
Court/Authority: National Company Law Tribunal, New Delhi Principal Bench
Case No.: 18/241-242/PB/2021
Order Date: 21 May 2026
Next Hearing Date: 16 July 2026
Legal Provisions: Section 241-242 of the Companies Act, 2013
Parties Involved
Petitioner: Mr. Ishwar Lal (appearing in person)
Respondents: M/s. RP Singhal Builders Pvt Ltd. & ors.
Representation for Respondents: Mr. Anurag Kaushik, Advocate along with Mr. Narender Jha, Director
Tribunal Bench: Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member Technical)
Issues / Allegations / Violations
The petition arises from a dispute between relatives regarding the affairs of RP Singhal Builders Pvt Ltd. The specific allegations of oppression and mismanagement are not detailed in this procedural order, which focuses on settlement possibilities.
Findings & Observations
The Tribunal noted that the dispute is between relatives and suggested exploring the possibility of an amicable settlement. Both parties requested time to seek instructions regarding settlement discussions.
Penalties / Settlements / Directions
No penalties or settlements have been determined at this stage. The Tribunal has directed:
- Parties to explore amicable settlement possibilities
- Physical appearance of all parties on the next hearing date
- Adjournment of the matter to 16 July 2026
Corrective Actions & Future Obligations
Parties are required to seek instructions regarding settlement options and appear physically before the Tribunal on the next date of hearing.
Final Ruling & Enforcement
The matter has been adjourned to 16 July 2026 for further proceedings. The Tribunal has not issued any final ruling on the merits of the case at this stage.