Authority: National Company Law Tribunal Allahabad Bench Prayagraj

Order Date: 10th June, 2026

Case Overview

The National Company Law Tribunal (NCLT) Allahabad Bench, comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma, heard five interim applications (IA No.52/2026 to IA No.56/2026) in the main company petition CP No.18/ND/2010. The petition was filed under Sections 397/398 of the Companies Act, 1956, pertaining to allegations of oppression and mismanagement, with Prabhat Kumar & Ors as the applicants against MACI Organics Ltd & Ors as respondents. The matter has been pending since 2010. The bench heard arguments from Sh. Sajeve Deora and Sh. Shubham Agarwal, Advocates, representing the applicants in all interim applications.

Final Outcome

The tribunal issued procedural orders for each interim application:

  • For IA No.52/2026: Notices issued to non-applicant/respondents, who must file responses/objections within two weeks. Matter adjourned to 6th August 2026.
  • For IA No.53/2026 (a substitution application): Notices issued to non-applicant/respondents, who must file responses/objections within two weeks. Matter adjourned to 6th August 2026.
  • For IA No.54/2026: The applicant's counsel sought to withdraw the application. The tribunal dismissed IA No.54/2026 as withdrawn, granting liberty to file again with better particulars.
  • For IA No.55/2026: Notices issued to non-applicant/respondents, who must file responses/objections within two weeks. Matter adjourned to 6th August 2026.
  • For IA No.56/2026: Notices issued to non-applicant/respondents, who must file responses/objections within two weeks. Matter adjourned to 6th August 2026. The bench specifically noted the case's age (from 2010) and expected all parties to make efforts to upload the original petition/pleadings.

The substantive hearing on the merits of the oppression and mismanagement allegations remains pending, with the next hearing scheduled for 6th August 2026.

Topics: NCLT, Corporate Governance, Legal Proceedings