Authority: National Company Law Tribunal, New Delhi Court-IV (Special Bench)
Order Date: 14 July 2026
Case Overview
The petition has been filed by Ajay Rustagi against Rustagi Plastic Industries Pvt. Ltd. under Sections 241-242 of the Companies Act, 2013, which pertain to oppression and mismanagement in company affairs. The matter was heard by a bench comprising Judicial Member Shri Mahendra Khandelwal and Technical Member Shri Yogendra Kumar Singh. Senior Advocate Arvind Kumar Gupta and Advocate Ashish Singh represented the applicant. The respondent company was not represented at this initial hearing.
Final Outcome
The Tribunal issued notice to the respondents through all available means, requiring them to file their response and appear before the court. The petitioner was directed to file proof of service of the notice. The matter has been listed for next hearing on 18 August 2026. No substantive decisions on the merits of the case have been made at this preliminary stage.
Topics: Corporate Governance, Minority Shareholder Rights, NCLT Proceedings