IN THE NATIONAL COMPANY LAW TRIBUNAL NEW DELHI BENCH COURT-IV In C.P. NO. 21 (ND)/2009 AND C.P. NO. 21 (ND) 2009 In the matter of:-

Smt. Madhu Bhaskar.

… Petitioner

1. M/s. TNB INVESTMENTS PVT. LTD.

2. Shri Bharat Bhaskar, 3. Shri Ashish Bhaskar, 4. Shri Abhinav Bhaskar, …Respondents CORAM:

SHRI MANNI SANKARIAH SHANMUGA SUNDARAM, HON’BLE MEMBER (JUDICIAL)

SHRI ATUL CHATURVEDI HON’BLE MEMBER (TECHNICAL)

Order Delivered on: 20.03.2026 Present:

For the Applicant : Mr. Aditya Dewan, Ms. Himangi Kapoor Advs.

For the Respondent : Mr. Sarwar Raza, Mr. Mohd. Waseem Akram, Advs

ORDER

PER: MANNI SANKARIAH SHANMUGA SUNDARAM, MEMBER (J)

[C.P. NO. 21 (ND) 2009]

1. The Present Application has been filed by the Applicant under Section

397. 398 & 402 of Companies Act, 1956 now Sections 241, 242, and 244 of the Companies Act against the respondents with the following relief:

i. To declare that the reduction of shareholding of the Petitioner illegal and void ab initio.

ii. To declare that the allotment of new/fresh shares by the Respondent Company after the year ending March, 2006 to be null and void ab initio.

iii. Appointing an Administrator to take over the charge and control of the affairs and management of the