NCLT Petition Notice under Section 58(3) and 59 of the Companies Act, 2013
METROGLOBL · price
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Metroglobal Limited has filed a petition before the NCLT Mumbai Bench under Section 58(3) read with Section 59 of the Companies Act, 2013, seeking relief related to the refusal of share transfer and rectification of the Register of Members. The petition has been filed against Parag Kunj Finvest Private Limited & Ors. and is scheduled for hearing on May 29, 2025, at 10:30 a.m. before Court-IV, NCLT Mumbai Bench. The company published newspaper notices on May 06, 2025, in The Free Press Journal (English) and Navshakti (Marathi), both Mumbai editions, to inform members and the public about the petition. This is a procedural disclosure under SEBI LODR Regulations 30 and 47.
This is a legal/regulatory matter concerning a share transfer dispute and is unlikely to have a direct material impact on the company's operations or financials. Shareholders should monitor the outcome of the May 29 hearing as it may affect the shareholding records of involved parties.