Vijay Data NCLAT Appeal Dismissed on Mediation

NCLAT dismissed Vijay Data's appeal against NCLT Jaipur's order seeking mediation in a long-pending oppression and mismanagement petition.
The Tribunal upheld NCLT's power under Companies Act Section 442(2) to explore settlement but waived a Rs 25,000 cost imposed on appellant.
The appeal stemmed from a company petition filed in 2009 against Data Ingenious Global Ltd alleging oppression and mismanagement.
NCLAT noted multiple litigations between parties and cited Supreme Court precedents on mediation requiring party consent.