Authority: National Company Law Tribunal Chandigarh Bench, Court-I (Sh. Khetrabasi Biswal, Member Judicial & Sh. Shishir Agarwal, Member Technical)
Order Date: 11 June 2026
Case Overview
The Registrar of Companies (ROC), Jammu & Kashmir and Ladakh, filed a petition under Sections 271(b) and 272 of the Companies Act, 2013 seeking winding up of Siraj-Ul-Uloom Welfare Foundation (CIN: U88900JK2025NPL017303). The respondent company was incorporated on 18 April 2025 under Section 8 of the Companies Act with an authorized capital of ₹1,00,000 and stated charitable objectives including educational institutions and social welfare.
The petition was based on intelligence inputs from the Criminal Investigation Department (CID), Jammu & Kashmir (Report No. CID/TMG/D-3/2026/244-47 dated 06.03.2026) which flagged the company's activities as fraudulent, violative of its stated objects, and prejudicial to India's sovereignty and integrity. The Director General of Company Affairs, MCA, directed action vide letter dated 23.03.2026 (File No. CL-II-08/13/2026-O/o DGCoA-MCA).
A show cause notice was issued to the company on 25.03.2026 alleging anti-national activities, secessionist activities, and activities threatening national security. The company filed representations on 06.04.2026 and 17.04.2026, but these were found unsatisfactory. The Divisional Commissioner, Kashmir had already notified the premises of Darul Uloom Jamia Siraj-ul-Uloom as an Unlawful Entity/Place under UAPA, 1967 on 24.04.2026.
The tribunal examined sealed cover intelligence (DGCOA-Diary No. 1232 dated 09.03.2026) and found prima facie evidence that the company was being used for activities prejudicial to national security, with actual management vested in Mr. M. Yousuf Mantoo, a purported JEI member.
Final Outcome
The NCLT granted interim reliefs including: (i) Direction to advertise the petition in 'Greater Kashmir' (English) and 'Kashmir Uzma' (Urdu) within 15 days; (ii) Dispensation of advance notice to the respondent company due to exceptional circumstances; (iii) Appointment of the Official Liquidator attached to the High Court of Jammu & Kashmir and Ladakh as Provisional Liquidator with immediate effect to take charge of all affairs, business, assets, bank accounts, and documents of the company; (iv) Direction to the company and its directors to furnish a complete Statement of Affairs within 30 days; and (v) Restraint on disposal of any company assets without tribunal leave.
The matter has been listed for further hearing on 13 July 2026, with directions for the respondent to file reply within one week of service and rejoinder within one week thereafter.
Topics: Company Winding Up, National Security, Provisional Liquidation