NCLT Ahmedabad dismisses application by Lendingkart's minority shareholders to refer oppression and mismanagement dispute to mediation.
Tribunal rejects plea after respondents Fullerton Financial and Lendingkart Technologies expressly opposed mediation and settlement attempts failed.
Application was filed under Section 442 of Companies Act 2013 during pendency of CP/72(AHM)/2025 alleging oppression by majority shareholder.
Bench cites Supreme Court and NCLAT precedents that mediation cannot be thrust upon unwilling parties despite statutory 'shall' language.