News
DMD Advocates Successfully Represented the Group of Majority Shareholders of Neelpadam Builders Private Limited before the National Company Law Tribunal, New Delhi Bench
16 Feb 2026
- DMD Advocates
- Matter Reporting
DMD Advocates successfully represented the group of majority shareholder respondents of Neelpadam Builders Private Limited (Respondents) in Company Petition No. 04/(ND)/2014 before the National Company Law Tribunal, New Delhi Bench, in a matter involving allegations of oppression and mismanagement, dilution of shareholding, and challenges to various corporate actions.
Respondents argued that the petition was not maintainable in law, as the statutory threshold under Section 399 of the Companies Act, 1956, was not satisfied, and that the claims were, in any event, barred by limitation, the impugned events having occurred several years prior to the filing of the petition. It was further submitted that the corporate actions complained of were lawful, taken in accordance with statutory provisions, and did not constitute oppression or mismanagement.
The Tribunal declined to grant the reliefs sought by the Petitioners and disposed of the petition.
The Respondents were represented by Partner Pawan Sharma, along with Counsel Anuj Shah.
