Authority: National Company Law Tribunal, New Delhi Court-V (Special Bench)
Order Date: June 12, 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard matter CP-57/66/ND/2026 involving applicants M/s. Sawhney (India) Private Limited and Sarabjit Singh Sawhney. The petition was filed under Section 66 of the Companies Act 2013, which pertains to the reduction of share capital of companies. The matter was heard through hybrid mode (physical and video conference). The applicant was represented by Advocate Mr. Gaurav Joshi, who informed the tribunal that in compliance with the previous order dated June 4, 2026, they had filed the required affidavit which was now available on the e-portal.
Final Outcome
The tribunal reserved its order in the matter, meaning a final decision will be delivered at a later date. The special bench comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Ms. Anu Jagmohan Singh presided over the proceedings.
Topics: NCLT Proceedings, Corporate Law, Share Capital Reduction