Indian Motion Picture Producers Association Vs Sanjeev Kumar Singh and Ors. (NCLAT Delhi)
The National Company Law Appellate Tribunal (NCLAT) considered an appeal challenging the NCLT Mumbai order dated 8 July 2026 passed in Company Application No. 153(MB) of 2026 and IA No. 175(MB)/2026 in Company Petition No. 132(MB) of 2026, whereby the NCLT had granted a waiver under Section 244 of the Companies Act in favour of the respondents.
The appellant challenged the impugned order and, at the preliminary stage, raised two questions. The first related to the effect of the consent placed by the respondents for grant of the waiver. The second concerned the findings recorded by the NCLT regarding the consent obtained from the members and the effect of the subsequent filing of an application under Section 244 of the Companies Act.
The respondents had already entered appearance before the Appellate Tribunal. NCLAT directed the respondents to file replies to both the application seeking interim relief and the company appeal within two weeks. The Tribunal further permitted the appellant to file a rejoinder, if any, within one week thereafter.
The Company Appeal was directed to be listed for further hearing on 1 September 2026.
FULL TEXT OF THE NCLAT JUDGMENT/ORDER
