Authority: National Company Law Tribunal, New Delhi Principal Bench (Single)
Order Date: 09 October 2026
Case Overview
This transfer application was filed by Hemant Mann seeking to transfer Company Petition (CP) No. 99 of 2026 from Court No. 2 to Court No. 4 of the NCLT New Delhi. The applicant sought consolidation with CP No. 125/ND/2025, which was already pending adjudication before Court No. 4 and listed for hearing on 11 August 2026.
CP No. 125/ND/2025 was filed by the same petitioner on 05 August 2025 against Cloudstuff Technology Private Limited and others, alleging oppression and mismanagement, dilution of shareholding, and diversion of assets/business by the respondents. Notice had been issued in this petition, and replies had been filed by respondents 1, 2, and 3, while the reply of respondent 4 was awaited.
CP No. 99 of 2026 was subsequently filed by the same petitioner, alleging continued oppression and mismanagement after 05 August 2025. This petition was pending before Court No. 2, where notice was yet to be issued. The applicant argued that both cases involved similar subject matter and should be consolidated and heard by a single court for judicial efficiency.
The Tribunal had issued notice to the respondents in this transfer application on 18 September 2026. Despite an affidavit of service confirming that respondents had been served, no one appeared on their behalf during the hearing.
Final Outcome
The Tribunal allowed the transfer application, finding it in the interest of justice to have both petitions heard by one court. CP No. 99 of 2026 titled "Hemant Mann v. Cloudstuff Technology Pvt. Ltd. & Ors." was ordered to be transferred from Court No. 2 to Court No. 4 of the NCLT New Delhi. The transfer application (TA (Co. Act)- 29(PB)/2026) was disposed of accordingly.
Topics: Corporate Governance, Legal Proceedings