Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Order Date: 11th June, 2026
Case Overview
This hearing pertains to Cont. A. No.03/2026, CA No.10/2026, IA No.25/2026 & IA No.26/2026 in CP No.07/ALD/2026, a petition filed by Yudhveer Singh Solanki against M/s Atul Krishna Preservation and Cold Storage Private Limited & Ors. under Sections 241/242 of the Companies Act 2013. The proceedings concern the management and affairs of the respondent company. A previous order dated 8th May 2026 had appointed a Learned (Ld.) Administrator to facilitate the running of the company and to look into aspects of investment and infusion of funds by all concerned parties. During this hearing, counsel for the respondents alleged that the petitioner was not complying with this order by failing to supply required documents. Counsel for the petitioner countered this, stating they had met the Ld. Administrator and shown willingness to supply the documents.
Final Outcome
The two-member bench, comprising Sh. Praveen Gupta (Member-Judicial) and Sh. Ashish Verma (Member-Technical), directed the Ld. Administrator to file an interim report on the status of the implementation of the order dated 8th May 2026 and on the functioning of the respondent company. The Administrator was given two weeks to furnish this report. The tribunal clarified that the filing of this report would not impede the ongoing implementation of the 8th May order by the concerned parties. The matter was adjourned and listed for its next hearing on 30th June 2026.
Topics: NCLT Proceeding, Corporate Governance, Company Management