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2024 Supreme(Online)(NCLT) 1806

NATIONAL COMPANY LAW TRIBUNAL
Shri Prabhat Kumar, Member (Technical), Shri V.G. Bisht, Hon’ble Member (Judicial)
Urvashi Bharat Khater – Appellant
Versus
Laxsons (India) Private Limited – Respondent


Advocates:
For the Appellants/Petitioners: Mr. Nausher Kohli, Mr. Akash Agarwal
For the Respondents: Mr. Pulkit Sharma, Mr. Aman Kacheria, Ms. Sakshi Dube

Table of Content
1. petitions filed under companies act for relief against oppression. (Para 1 , 3)
2. relief requests for stay and management oversight. (Para 2 , 4)
3. background on company establishment and family involvement. (Para 5 , 6)
4. legal objections raised regarding share transfers and company management. (Para 7 , 8)
5. court dismisses the petitions. (Para 9)

ORDER

Per: Prabhat Kumar, Member (Technical)

1. This Company Petition CP 1017/2020 is filed under Section 241 -242 of the Companies Act, 2013 (“Act”) by Urvashi Bharat Khater (“Petitioner”) against Laxsons (India) Private Limited & Others seeking following reliefs:

(a) For appropriate orders, reliefs and directions under Section(s) 241 and 242 of the Companies Act, 2013 to bring an end to the aforesaid acts of oppression and mismanagement perpetrated by Respondent Nos.2 and 3 and for necessary orders and reliefs in respect thereof, including as prayed for herein;

(b) For a declaration that the Impugned 169 Notice, Impugned Resolution, and the Impugned Notice and Agenda are illegal, non-est, null, void and not binding on the Petitioner and/or Respondent No. 1 Company;

(c) For a declaration that the Impugned Transfer of the I

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