Case Details
Case Name: Mohammadabbas Naushadali Patel and Anr. vs Tanvi Fitness Private Limited and Ors.
Court/Authority: National Company Law Tribunal (NCLT) Chandigarh Bench II (Special Bench)
Case Number: COMP.APPL/74(CH)2026 in CP No. 12/Chd/Hry/2026
Date of Order: 21 May 2026
Next Hearing Date: 16 July 2026 before Regular Bench
Sections Involved: Sections 241, 242, 244 & 246 of Companies Act, 2013; Rule 11 of NCLT Rules, 2016
Parties Involved
Petitioners/Applicants: Mohammadabbas Naushadali Patel and another
Respondents: Tanvi Fitness Private Limited (R1) and Others (R2+)
Legal Representation:
- For Applicants: Mr. Atul V. Sood with multiple advocates
- For Respondent No. 1: Ms. Munisha Gandhi (Senior Advocate) with advocates
- For Respondent No. 2: Mr. Anand Chhibbar (Senior Advocate) with advocates
Issues / Allegations / Violations
The application was filed under Sections 241-242 of Companies Act, 2013 seeking appropriate directions regarding Agenda Item No. 8 of an Impugned Board Meeting. The specific agenda item pertained to "obtaining omnibus approval for related party transactions to be undertaken for FY 2026-27" scheduled to be considered in the Board Meeting fixed for 22.05.2026.
Final Ruling & Enforcement
The NCLT Special Bench directed that any decision taken with respect to Agenda Item No. 8 (related party transactions for FY 2026-27) in the Board Meeting scheduled for 22.05.2026 shall remain subject to the outcome of the main petition CP No. 12/Chd/Hry/2026.
The tribunal issued notice of the petition to the respondents, with acceptance of notice recorded for Respondents 1 and 2 through their senior advocates. For remaining respondents, the applicant was directed to serve notice by speed post and email within two weeks and file affidavit of service.
Reply to be filed within two weeks after receipt of notice, with rejoinder within one week thereafter.
The matter has been listed for further hearing before the Regular Bench on 16 July 2026.