Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: June 18, 2026
Case Overview
The National Company Law Tribunal (NCLT), Jaipur Bench, comprising Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member), issued an order in a composite company petition and related applications. The proceedings were initiated under Sections 397 and 398 of the Companies Act, 1956, which pertain to relief against oppression and mismanagement in the affairs of a company. The petitioners were Babu Lal Data & Ors., and the respondents were M/s Vijay Solvex Ltd. & Ors. The case had a protracted history, amalgamating several applications: CA No. 761/JPR/2010, CA No. 142/2012, CA No. 155/C-I/2014, 28/C-III/2016, 29/C-III/2019, and TA No. 06/2018, all connected to the main company petition, CP No. 59(ND)2009.
Final Outcome
The Bench disposed of the matter. The operative part of the order states: "For order refer to CP No. 53 (ND) 2009 TA No. 05/2018." This indicates that the final ruling and directions in this case (CP No. 59(ND)2009) are based on, or are identical to, the outcome already determined in the referenced case, CP No. 53(ND)2009.
Topics: Corporate Law, NCLT Proceedings