Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 18, 2026
Case Overview
The matter involves a petition filed under Sections 241-242 of the Companies Act, 2013 by Surendra Ludhani & Others against Shree Krishna Leela Palace and Motels Pvt. Ltd. & Others. The specific application being heard is IA (CA) No. 37/JPR/2026 in CP No. 24/241-242/JPR/2025. The petitioners sought directions for the appointment of an independent chairperson, not connected with either the Ludhani Group or Pahalwani Group, to preside over board meetings and AGMs to ensure fair and impartial conduct.
The respondents, through their counsel, fairly stated they had no objection to the appointment of an independent observer as chairperson for the board meeting scheduled to be held within the next ten days. They committed to providing seven days' notice to the independent observer.
Final Outcome
The tribunal appointed Mr. J.P. Rawat (Contact: 0141-4535200, Email: ipjprawat@gmail.com, CS No.: 9785842000) as Chairperson/Independent Observer for conducting the board meeting. The same chairperson will also serve as Independent Observer for the ensuing Extraordinary General Meeting (EOGM) to be scheduled after the board meeting. The proceedings of both meetings must be video recorded by the observer. The respondent company is directed to pay the chairperson ₹25,000 per meeting prior to commencement. The respondents further agreed to hand over the Financial Statements for 2023-24 and any other relevant documents to the applicant well in advance of the board meeting. The chairperson is required to file a report with the tribunal before the next hearing date scheduled for July 16, 2026.
Topics: Corporate Governance, NCLT Proceedings