Authority: National Company Law Tribunal, Mumbai Bench, Court-IV
Order Date: 06.07.2026
Case Overview
The National Company Law Tribunal (NCLT) Mumbai Bench heard matters pertaining to Company Petition No. CP/159(MB)2021 filed by Moniveda Consultants LLP & Another against Shajas Developers Private Limited. The proceedings are being conducted under Sections 59, 241(1), 242(4), and 244(1) of the Companies Act, 2013, which relate to rectification of register of members, oppression and mismanagement, powers of Tribunal, and right to apply under Sections 241 and 242 respectively.
Multiple legal representatives appeared for the parties involved:
- For Applicants: Adv. Nausher Kohli with several other advocates
- For Respondents: Multiple advocates representing different respondent groups, including Adv. Shanay Shah for R-10, Sr. Adv. Ashish Kamat for R-1, R-4 and R-5, and Adv. Ryan D'souza for R-6, R-7, R-12, R-13
The Bench comprising Shri Anil Raj Chellan (Member Technical) and Shri K. R. Saji Kumar (Member Judicial) heard counsel for the petitioner in part during the hybrid hearing.
Final Outcome
The Tribunal issued three key directives:
1. Urgent notice to Respondents 8 and 9, directing them to file detailed reports on the shareholding structure and composition of the Boards of Directors of Respondents 1 and 2 (Shajas Developers Private Limited and another entity)
2. The required report must encompass all changes made after the Financial Year 2019, including copies of all statutory and corporate filings, notices, and correspondence related to R-1 and R-2 during this period
3. The report must clearly specify if any actions were taken against R-1 and R-2 or their directors during this period
The Applicant was permitted to take private notice and submit the service affidavit within 3 days. The matter has been adjourned and listed for further hearing on 07.07.2026 on priority basis.
Topics: Corporate Governance, Shareholding Dispute, NCLT Proceedings