Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard an Interlocutory Application (IA/30(MP)2025) in the main Company Petition (CP/7(MP)2025) between Shaba Securities and Finin Service Pvt Ltd (Applicant) and Satiate Agri Ltd & Others (Respondents). The proceedings are under Section 213 of the Companies Act, 2013 read with Rule 11 of the NCLT Rules.
During the hearing, the applicant's counsel submitted that the respondent had previously sought time to file their reply on 05 May 2026 but had failed to do so. The respondent's counsel appeared and requested additional time to file the reply. The respondent's counsel also submitted that they had not received a copy of the present application.
Final Outcome
The NCLT bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical) granted the respondent's request for additional time. The tribunal directed Satiate Agri Ltd (Respondent) to file their reply within 10 days, with an advance copy to be provided to Shaba Securities (Applicant). The tribunal also directed Shaba Securities to furnish a complete copy of the application to Satiate Agri Ltd forthwith. The matter has been listed for next hearing on 21 August 2026.
Topics: NCLT Proceedings, Corporate Legal Dispute, Section 213