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NCLAT junks Appeal; Directs to follow NCLT order and submit written response to Pankaj Oswal’s Petition

NCLAT junks Aruna Oswal’s Appeal; Directs to follow NCLT order and submit written response to Pankaj Oswal’s Petition

National Company Law Appellate Tribunal, Delhi has upheld the order passed by NCLT-Chandigarh there by directing the parties including Mrs. Aruna Oswal, Chairperson, OAML to submit written response to a petition filed by Mr. Pankaj Oswal on the mismanagement happening with in the companies.

The NCLT – Chandigarh on last hearing on 21st May 2018, passed an order asking the all the respondentsMrs. Aruna Oswal, Chairperson, OAML, Mr. Anil Bhalla, MD OAML, other directors, Mr. Naveen Jindal, OAML’s Company Secretary and Auditors M/s T.R. Chadha & Co LLP to file their written responses to our petition. On 29th May, 2018, an appeal on behalf of Ms. Aruna Oswal was listed before the Appellate Tribunal at Delhi challenging this order of Chandigarh NCLT. However, This Appeal of Mrs. Aruna Oswal was out-rightly dismissed by the Appellate Tribunal, ordering the parties to comply with NCLT Chandigarh’s order. Therefore, now all the parties are bound to comply with NCLAT’s order of Appellate Tribunal and ought to file their written responses on next hearing at Chandigarh.

Late Sh. Abhey Oswal’s eldest son Mr. Pankaj Oswal had filed a legal proceeding under the Indian Companies Act at NCLT, Chandigarh on the 1st of February 2018 for mismanagement, misappropriation and Related Party Transactions clandestinely happening in his late father’s companies Oswal Agro Mills Limited (OAML) and Oswal GreenTech Limited. Mr. Pankaj Oswal is one of the legal heir who is deprive from his succession rights and seeking transfer of his companies’ shares. Late Sh. Abhey Oswal held 53530960 shares in OAML and therefore Mr. Pankaj Oswal is entitled to 13382740 shares by way of transmission as legal heir of Late Sh. Oswal.

Good Deal Is coming up with its next event Indian Global Business Award To Be Held In Thailand

Good Deal Is coming up with its next event after the super success of ‘Mrs. India International’ 2017 i.e.,  “Indian Global Business Award” This award aims to recognize and reward business excellence across all sectors Private, Public & Charity.

This Galatical event will be hosting  Business Men, Dignitaries, Political & Financial Stalwarts, Ministers & Celebrities from around the Globe.

This will be one of its kind event which will witness the presence of Royal Families from almost all over the World. This event will be covered by all reputed International Media With the participation in  “Indian Global Business Award”

You will get the next day entry of VIP Lounge to witness the  Grand Finale of   ‘Miss India International’ 2018’ and get access to enjoy the third day private ‘Beach Party’.

All Events & Award Presentation will be held in Thailand with Red Carpet Gala Dinner.

Invited Guests

Mohammed Azharuddin- Former Captain Indian Cricket Team and Former Member of Parliament

Sania Mirza – Tennis Star

Mohammed Siraj  – Cricketer

Mohammed Mahmood Ali sahib- Deputy Chief Minister Govt of Telangana

Muqtar Abbas Naqvi – Hon’ble Union Minister

Jyoti Kiran Shukla – Hon’ble ChairpersonRajasthan State Finance Commission

Anurag Thakur – Member of Parliament & Former BCCI President

Nayani Narsimha Reddy – Hon’ble Home Minister Govt of Telangana

Nirmala Sitaraman – Hon’ble Diffence Minister Govt of India

Nara Lokesh – Cabinet Minister for Information Technology

TYPES OF PARTNERS

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POWERED BY

CO-PARTNER

ASSOCIATE PARTNER

PRINT MEDIA PARTNER

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For Details :

Business Award 2018 (19th April)

Click Above  Link To Download The PDF Of Event

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