Case Details
- Case Name: Amarjit Singh Bagga and another Vs. VD Fabricators Private Limited
- Court/Authority: National Company Law Tribunal (NCLT), New Delhi Principal Bench
- Case Number: CP No. 16/241-242/PB/2024
- Order Date: 21 May 2026
- Legal Provisions: Order under Section 241(1), 242(4) of the Companies Act, 2013
- Hearing Type: Hybrid Hearing (Physical & VC)
Parties Involved
Petitioners:
- Amarjit Singh Bagga and another
- Legal Representation: Mr. Virender Ganda (Sr. Adv.), Ms. Ishika Sharma, Mr. Shrey Patnaik, Mr. Kush Taneja, Ms. Saira Khan (Advocates)
Respondents:
- VD Fabricators Private Limited
- Legal Representation: Mr. Gaurav Mitra, Mr. Govind Rishi, Ms. Kriti Krishana (Advocates)
Bench Members:
- Justice Anupinder Singh Grewal (Hon'ble President)
- Shri Ravindra Chaturvedi (Hon'ble Member - Technical)
Issues / Allegations / Violations
The case involves a petition filed under Sections 241(1) and 242(4) of the Companies Act, 2013, which pertain to oppression and mismanagement in the affairs of a company. The specific allegations against VD Fabricators Private Limited are not detailed in this particular order document.
Findings & Observations
The Tribunal has not made any findings or observations on the merits of the case at this stage. The order focuses solely on the procedural aspect of exploring settlement possibilities.
Penalties / Settlements / Directions
The NCLT suggested that the parties explore the possibility of an amicable settlement. Both parties' counsel prayed for time to seek instructions from their respective clients regarding the settlement proposal.
Corrective Actions & Future Obligations
No corrective actions or future obligations have been imposed at this stage of the proceedings.
Final Ruling & Enforcement
The matter has been listed for next hearing on 28 May 2026 to allow parties to report back on their instructions regarding the settlement exploration. No final ruling has been made in the case.