NCLT hearing in family dispute cases adjourned to Oct 26
JAGRAN · price
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Two company petitions involving the Gupta family and the Jagran group were heard at NCLT Allahabad on Oct 7. The first is Mahendra Mohan Gupta vs Devendra Mohan Gupta, where arguments continued in rebuttal. The second is Shailendra Mohan Gupta vs Jagran Media Network Investment, which was adjourned at the request of counsels. Both are under Sections 241, 242 and 244 of the Companies Act, which deal with oppression and mismanagement. Next hearing in both is set for Oct 26 at 12:30 PM. No ruling has been given yet.
Ongoing family-driven litigation with no ruling yet. No immediate business impact, but watch the Oct 26 hearing for any material development.