Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: July 15, 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), heard CA No. 29/JPR/2025 in CP No. 10/241-242/JPR/2023, filed under Sections 241-242 of the Companies Act, 2013. The matter involves petitioners versus respondents Fine Gems Export Pvt. Ltd. & Ors. and Gordhan Das Maheshwari & Ors.
The principal dispute centers on conflicting affidavits regarding inventory details. The petitioner's counsel provided inventory details for 2023 and 2024, to which the respondent's counsel strongly objected, stating that inventory available on the public website is up to 2025. Respondent No. 5 (company) asserted through its affidavit that it had undertaken two real estate projects: Solitaire Park (an Industrial Project), which is stated to be completely sold out, and Nav Nilay. Regarding Nav Nilay, Respondent No. 5 stated the project originally comprised 363 units, subsequently reduced to 352 units, with only 15 unsold units remaining. The respondent further asserted that there is no other unsold inventory owned by Respondent No. 5-company.
Final Outcome
In view of the allegations and counter-allegations regarding the inventory, the NCLT ordered that status quo be maintained until a final decision is reached in the case. The matter has been posted for the next hearing on July 16, 2026.
Topics: Corporate Governance Dispute, Real Estate Inventory