Case Details
Case Name: Think Hard India Private Limited Vs. Seya Industries Limited & Ors.
Court/Authority: National Company Law Tribunal (NCLT), New Delhi Principal Bench (Single)
Case Number: TA (IBC) - 69(PB)/2025
Order Date: 22 May 2026
Parties Involved
Petitioner/Applicant: Think Hard India Private Limited
Represented by: Mr. Himanshu Satija and Mr. Ripul Swati, Advocates
Respondents: Seya Industries Limited & Others
Represented by: Mr. Abhinav Agrawal, Mr. Piyush Bhardwaj, and Mr. Shivam Sengupta, Advocates (for Respondent Nos. 1 & 2)
Issues / Allegations / Violations
The application was filed seeking transfer and consolidation of two pending Company Petitions:
- Company Petition (IB) No. 446 (MB) of 2023 (pending before Court-V, NCLT Mumbai Bench)
- Company Petition (IB) No. 620 (MB) of 2023 (pending before Court-IV, NCLT Mumbai Bench)
The primary purpose was to ensure just, fair and swift disposal of the petitions in light of pending 12A Applications and to avoid conflicting orders from different benches.
Findings & Observations
The Tribunal noted that:
- Learned Counsel for Respondent Nos. 1 & 2 submitted that they had no objection to the transfer and consolidation of both cases to be heard by one bench
- The remaining Respondents were stated to have been served, and an affidavit of service was filed
- No one appeared on behalf of the remaining Respondents, either in this hearing or on earlier occasions
Final Ruling & Enforcement
The Transfer Application was allowed and disposed of. The Tribunal ordered:
- Company Petition No. 446/MB/2023 pending before Court-V, NCLT Mumbai Bench stands transferred to Court-IV, NCLT Mumbai Bench
- Both petitions will now be heard and decided by a single bench (Court-IV) to ensure proper adjudication and avoid conflicting orders
Additional Information
Hearing Type: Hybrid Hearing (Physical & Video Conference)
Presiding Officer: Justice Anupinder Singh Grewal, Hon'ble President
Order Reference: Order under Rule 16(d) of NCLT Rules, 2016