2026 (4) TMI 1008

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....iled against an impugned order dated 13.12.2024 passed by Ld. National Company Law Tribunal, Kolkata Bench in CP/199/KB/2024 by which the Ld. NCLT has directed a status quo on the shareholding directorship in the company till the next date of hearing and had also ordered that no debit shall be made from the bank accounts by any of the parties before informing by way of e-mail and that too only to run the affairs of the company. 2. Respondent No.1 is a 33% shareholder and was director of Respondent No.2 company when he filed the company petition challenging the convening of the meeting of the Board of Directors of the company on 14.08.2024 to decide upon requisition received from 66% shareholders of the company, to hold EOGM for removal o....

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....as to be passed in CP No.199/2024 as was reserved for order on 06.09.2024. 6. Ultimately the impugned order was passed on 13.12.2024 wherein status quo qua shareholding and directorship was maintained per para 14 of the impugned order as under: - "14. In view of the allegations and counter allegations that require adjudication and review of unnecessary and unexplained transfer of funds to various accounts, we deem it appropriate to order a status quo on the shareholding and directorship in the company till the next date of hearing and order that no debit shall be made from the bank accounts by any of the parties before informing by way of e-mail and that too only to run the affairs of the company. The parties shall exchange the ....

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....r colluding with the Bank Officials and syphoning of company's funds with the local Police Station vide their letter dated 3 rd June, 2024 which was converted into an FIR being No.72 dated 3rd June, 2024. The Respondent No.2 has filed a Criminal Revision Petition being CRR 2319 of 2024 before the Hon'ble High Court at Calcutta, inter alia, praying for quashing of the said FIR, which is pending consideration before the said Hon'ble Court. 9. That on or about 9th August, 2024, the Petitioner was served with a purported notice through speed post for convening a Board Meeting scheduled on 14th August, 2024 to remove the Petitioner from the Board by imputing some false and frivolous allegations and seeking to induct Mr. Devendra B....