NCLT Indore declares Marg Polytech's 2019 preferential share allotment to Praphull Goyal illegal and voids it, restoring petitioners' majority shareholding.
Tribunal finds share allotment violated Companies Act sections 42 & 62, resulting in petitioners' stake dilution from 54% to 47% without proper procedures.
Respondent 6 Smriti Nagar cleared of all allegations; tribunal finds her digital signature was misused without her knowledge or consent.
Praphull Goyal's director appointment upheld, but his share allotment set aside; funds treated as unsecured loan to company.