Authority: National Company Law Tribunal, Ahmedabad Bench (Court-II)
Order Date: 07/07/2026
Case Overview
This Interlocutory Application (IA No. 71 of 2023) was filed in the matter of Company Petition No. 114 of 2018. The applicants, Navinchandra Dayalal Vadalia, Nishaben Navinchandra Vadalia, and Navinchandra Dayalal Vadalia HUF, sought multiple reliefs against Prabhat Solvent Extraction Industries Pvt. Ltd. and 16 other respondents, including various family members and the Gujarat State Ware Housing Corporation (GSWC).
The principal dispute concerned the ownership and use of properties referred to as "Taraghadi Lands 1-5." The applicants alleged that these lands, legally registered in the name of applicant Navinchandra Vadalia, were wrongfully claimed and used by the respondent company without proper ownership declaration from a competent forum. The application contained 18 specific prayers, including: directions to remove these lands from the company's audit reports for FY 2021-2022; cessation of all industrial, commercial, or agricultural activities on the lands by the company and its lessees (including GSWC); rectification of government records; restraint on respondents from declaring ownership; production of documents by the auditor; accounting and deposit of all revenues derived from the lands since the status quo order of December 17, 2018; payment of compensation; eviction of unauthorized parties; and initiation of contempt proceedings for unlawful leasing activities in 2022.
The tribunal noted that the respondent company and other respondents did not appear during the proceedings.
Final Outcome
The National Company Law Tribunal dismissed the interlocutory application, stating: "In view of the order passed in CP No. 114 of 2018, this IA becomes infructuous." This indicates that the main company petition (CP 114 of 2018) had already been disposed of, rendering the reliefs sought in this application moot. The practical consequence is that none of the 18 prayers were granted, and the application was closed.
Topics: NCLT Proceeding, Property Dispute, Audit Compliance