NATIONAL COMPANY LAW TRIBUNAL COURT-V, MUMBAI BENCH IN THE MATTER OF Ravinder Pal Singh Tuli Vs Tuli Hotels Pvt Ltd U/s 59 of the Companies Act, 2013 Order Delivered on 15.05.2026 CORAM:

SH. NILESH SHARMA SH. CHARANJEET SINGH GULATI MEMBER (J) MEMBER (T)

Appearance through VC/Physical/Hybrid Mode:

For the Petitioner: Adv. Smriti Shahani (VC)

For the Respondent:

________________________________________________________________

ORDER CA/370/2025: The above CA is listed for pronouncement of the order. The same is pronounced in open court, vide a separate order.

Sd/- Sd/-

CHARANJEET SINGH GULATI NILESH SHARMA Member (Technical) Member (Judicial)

//Rahul//

IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBI BENCH - V Ravinder Pal Singh Tuli

540, Clark Town, Magalwari, Nagpur -

400004 ….Petitioner VERSUS

1. Tuli Hotels Private Limited CIN No. U55200MH1982PTC026277 37, Central Bazar Road, Ramdas Peth, Nagpur - 440 010

2. Bachiter Singh Tuli

540, Clark Town, Nagpur - 400 004 3. Prince Pal Singh Bachiter Tuli 540, Clark Town, Nagpur - 400 004

4. Satyajeet Vikram Mohobatsingh Tuli Tuli Education City, Bokhara, Nagpur –

441123

5. Manmeet Kaur Maritpal Singh Tuli

540, Clark Town, Nagpur – 400004

6. Registrar of Companies, Mumbai Everest, 100, Marine Drive, Mumbai-

400002.

….Respondents CA/370/2025 IN

1. Bachiter Singh Tuli

2. Prince Pal Singh BachiterTuli

3. Satyajeet Vikram Mohobatsingh Tuli

4. Manmeet Kaur Maritpal Singh Tuli

5. Tuli Hotels Private Limited ….Applicants VERSUS Ravinder Pal Singh Tuli ….Respondent IN THE MATTER OF: Ravinder Pal Singh Tuli ….Petitioner VERSUS Tuli Hotels Private Limited & Ors ….Respondents Order Pronounced on: 15.05.2026 Coram:

Hon’ble Sh. Nilesh Sharma, Member (Judicial)

Hon’ble Sh. Charanjeet Singh Gulati, Member (Technical)

Appearances:

For the Applicant CA/370/2025: Adv. Prakhar Tandon i/b Adv. Agam H Maloo.

For the Petitioner C.P. No.276(MB)/2023: Adv. Sahil Mahajan a/w Adv. Smriti Shahani.

For the Respondent C.P. No.276(MB)/2023: Adv. Prakhar Tandon i/b Adv. Agam H Maloo.

ORDER

C.P. No.276(MB)/2023

1. The present Petition has been filed by Mr. Ravinder Pal Singh Tuli, (“Petitioner”), under Section 59 and other applicable provisions of the Companies Act, 2013 (“the Act”) r/w Rule 11 and 70 of the NCLT Rules 2016 (“NCLT Rules”) seeking declaration of transfer of the 30000 shares of Rs.100/- each of Respondent no.1 Company made in favour of Bachiter Singh Tuli (“Respondent No.2”) as null and void, declaration of the resolution dated 09.07.2022 passed by the board of directors of the Respondent no.1 Company in the second meeting for the FY 2022-23 with respect to the transfer of 30000 shares of the Petitioner as null/void and illegal, declaration of the Form no.MGT-14 filed by the Respondent no.1 Company with respect to transfer of 30000 shares of the Petitioner as null, void, illegal and bad in law and further to direct the Respondent no.1 Company to rectify the Registrar of Members with respect to 30000 shares in favour of the Petitioner. Furthermore, seeking to direct the Registrar of the Companies, Mumbai (“Respondent no.6”) to invalidate the annual returns and Form no. MGT-14 with respect to transfer of 30000 shares of the Petitioner and to impose exemplary cost on the Respondents.

Description of Parties :

2. The Petitioner, is a shareholder in Tuli Hotels Private Ltd (“Respondent no.1 Company”) holding 30000 shares, i.e. 11.407% of the total issued and paid up share capital of 263000 shares of Rs.100/- each of the Company before such 30000 equity shares of Petitioner were transferred to Respondent No. 2.

3. The Respondent No.1, is a Private Limited Company incorporated under the Companies Act, 1956 and is carrying business of hotels and restaurants. The Respondents no.2 to 5 are the directors of the Respondent no.1 Company.

The Respondent no. 6 is the Registrar of the Companies, Mumbai.

Facts as per the Petition in brief :

4. The present Company Petition is filed under Section 59 of the Act seeking rectification of the Register of Members of Respond