Authority: National Company Law Tribunal Guwahati Bench
Order Date: October 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) Guwahati Bench, comprising Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh, heard matter IA(Comp. Act)/15/GB/2019 In TP No.16/GB/2016 (CP No.106 of 2014). The petition was filed by Shital Jain & Others against Saroj Realtors & Developers Pvt. Ltd. & Others under Sections 235, 210, 397, 398, 399, 402, 403, 406, and 407 of the Companies Act 1956, which pertain to oppression and mismanagement provisions. During the hearing, the petitioners' counsel Mr. R. Sharma and Ms. M. Kakoty appeared, while no representation appeared for the respondent company Saroj Realtors & Developers Pvt. Ltd. The petitioners' counsel informed the tribunal that a settlement proposal had been made to the respondents but was rejected.
Final Outcome
The NCLT Bench adjourned the matter to November 27, 2026, for further hearing, with no resolution achieved in this session.
Topics: Corporate Legal Dispute, Settlement Negotiation