Authority: National Company Law Tribunal Allahabad Bench Prayagraj, Division Bench
Order Date: 11th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard multiple connected applications including EP No.213/2019, CA No.184/2019, CA No.69/2024, CA No.70/2024, and CA No.14/2025 in the main company petition CP No.01/ND/2012. The matter involves a petition filed under Sections 397/398 of the Companies Act, 1956, which pertain to oppression and mismanagement in the affairs of a company. The parties involved are Kanti Prasad Agarwal and Others versus Shree Kaila Devi Real Estate Ltd and Others.
During the hearing on 11th June 2026, counsel for the applicant, Sh. Dhruv Dewan, concluded his arguments. Counsel representing Sh. Arun Saxena then requested a short accommodation to present their arguments.
Final Outcome
The NCLT Bench comprising Sh. Praveen Gupta (Member Judicial) and Sh. Ashish Verma (Member Technical) adjourned the matter for further hearing. The next hearing is scheduled for 22nd July 2026 at 12:30 PM. No substantive decision on the merits of the case was rendered in this order, which solely addresses the procedural adjournment.
Topics: NCLT Proceedings, Corporate Governance, Legal Adjournment