Intimation regarding dispute/litigation.
XELPMOC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Xelpmoc Design and Tech Limited and its Promoters/Directors have filed a petition before the National Company Law Tribunal (NCLT), Bengaluru Bench, against Inqube Innoventures Private Limited (an investee company) and its Promoters/Directors. The petition alleges oppression and mismanagement under Sections 213, 241 and 244 of the Companies Act, 2013. The financial exposure is limited to the amount invested in the investee company. The company has clarified there is no impact on its own operations or other business activities. The petition was filed on May 22, 2026.
The litigation pertains to an investment dispute with an external company and does not affect Xelpmoc's own operations. However, investors should monitor the financial exposure tied to the investee company and any potential impairment of that investment.