Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 29/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard an Intervention Application (Inv.P/1(MP)/2026) filed by Colama Commercial Co Ltd under Rule 11 of the NCLT Rules, 2016. The application was filed in the matter of Colama Commercial Co Ltd versus Satiate Agri Ltd & Others. Colama Commercial, representing itself as a shareholder of the corporate debtor (Satiate Agri Ltd) based on shareholding patterns disclosed on the stock exchange for the quarters ending December 2022, March 2023, and June 2023, sought urgent and appropriate directions in relation to a pending Company Petition (CP/7(MP)/2025) and two Interlocutory Applications (IA/30(MP)/2025 and IA/31(MP)/2025). The applicant was listed as Respondent No. 10 in IA/30/MP/2025 and Respondent No. 11 in IA/31/MP/2025. The intervention was sought in a Restoration Application (Restoration Appl/2(MP)/2026), which the Tribunal noted had already been decided and disposed of via its order dated 06.03.2026.
Final Outcome
The Tribunal, comprising Hon'ble Shri Brajendra Mani Tripathi (Member-Judicial) and Hon'ble Shri Man Mohan Gupta (Member-Technical), held that the Intervention Application had become infructuous. The reasoning was that the Restoration Application in which intervention was sought had already been finally adjudicated and disposed of. Consequently, the Tribunal dismissed and disposed of the Intervention Application (Inv.P/1(MP)/2026).
Topics: NCLT, Corporate Litigation