Jagran Prakashan: NCLT Allahabad Hearing on Company Petition
Jagran Prakashan Limited (JPL) has filed a disclosure regarding a recent hearing at the National Company Law Tribunal (NCLT), Allahabad Bench. The hearing concerned Company Petition No. 64 of 2023, filed by Mahendra Mohan Gupta and others against Devendra Mohan Gupta and others. A new application (I.A. No. 57 of 2026) was filed by Mr. Mahendra Mohan Gupta, Mr. Shailesh Gupta, and VRSM Enterprises LLP. The application sought interim orders including restraining respondents from accessing JMNIPL's demat account, restoring authorized signatory status, and setting aside resolutions passed at JPL's EGM on May 29, 2026, which led to the removal of directors. The NCLT order referenced a previous NCLAT order directing that resolutions from the May 29, 2026 EGM be kept in abeyance until the main petition is decided. The next steps will be disclosed upon material development.
Key Highlights
- NCLT Allahabad heard application IA No. 57 of 2026 in company petition CP No. 64 of 2023.
- Application sought to restrain demat account access and set aside EGM resolutions.
- NCLAT order directed resolutions from May 29, 2026 EGM to be kept in abeyance.
- Further updates will be provided on material developments.
- The matter involves disputes among promoters and company management.
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