Authority: National Company Law Tribunal, New Delhi Court – IV (Special Bench)
Order Date: 14 July 2026
Case Overview
The matter involves a petition filed by Mr. Sanjay Sawhney against M/s Seagull Buildwell Private Limited & Others under Sections 241(1), 242(4), 244(1), and 245 of the Companies Act, 2013, which pertain to oppression and mismanagement in a company. The case was heard by a bench comprising Shri Mahendra Khandelwal, Member (Judicial), and Shri Yogendra Kumar Singh, Member (Technical).
During the hybrid hearing (physical and video conference), learned counsel for the petitioner and learned counsel for respondents No. 2 and 3 were present. Counsel for respondents No. 2 and 3 requested an adjournment, stating that the arguing counsel was abroad attending to an arbitration proceeding.
Final Outcome
The Tribunal granted the request for adjournment. The matter has been listed for the next hearing before the Regular Bench on 08 September 2026. The parties were directed to complete all pleadings in the interim period, if not already completed.
Topics: NCLT Proceedings, Company Law, Adjournment