NCLAT Order
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The National Company Law Appellate Tribunal (NCLAT), Delhi, on May 13, 2025, disposed of nine company appeals filed against earlier orders of the NCLT, Ahmedabad, relating to alleged mismanagement at Vadilal International Pvt. Ltd. and related Vadilal group companies. The appeals were disposed of based on consent terms dated March 29, 2025, mutually agreed upon by the parties (members of the Gandhi family). The NCLAT set aside the NCLT's judgments dated July 10, 2024 in Company Petitions No. 41 and 43 of 2017, along with related interim orders. The company has stated there is no financial or operational impact from this development.
Positive for shareholders — long-pending family/management disputes within the Vadilal group have been amicably settled, the unfavorable NCLT orders have been set aside, and the company confirms no material financial impact, effectively clearing a legal overhang.