{"id":263324,"date":"2022-03-08T18:00:06","date_gmt":"2022-03-08T12:30:06","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=263324"},"modified":"2022-03-08T16:57:34","modified_gmt":"2022-03-08T11:27:34","slug":"non-disclosure-of-fact-that-a-petition-under-s-213-companies-act-is-pending-before-nclt-would-amount-to-concealment-of-facts","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/08\/non-disclosure-of-fact-that-a-petition-under-s-213-companies-act-is-pending-before-nclt-would-amount-to-concealment-of-facts\/","title":{"rendered":"Non-Disclosure of fact that a petition under S. 213 Companies Act is pending before NCLT, would amount to concealment of facts? Dwarka Courts answers"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Dwarka Courts, New Delhi: <\/strong>Noting the complaint to be a complete abuse of process of law or in a manner sort of forum shopping, Sumit Dass, Additional Sessions Judge\u201403, dismissed the complaint expressing that,<\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"color: #008080;\">\u201c..it would be apt to nip this litigation in the bud rather than keeping it pending and burdening the docket of the Court.\u201d<\/span><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">The present order shall dispose of the present complaint filed by the company under Section 439(2) read with Section 436(1)(A) and (D) read with Section 212 of the Companies Act, 2013 read with Section 62(1) of the Companies Act, 1956 read with Section 193 of the Code of Criminal Procedure, 1973.<\/p>\n<ul style=\"text-align: justify;\">\n<li>Complainant company had filed a petition under Section 213 of the Companies Act 2013 which was pending before the NCLT and to that aspect the complainant\u2019s counsel submitted that the said petition was pending and infact they had also sought for an SFIO probe\/exhaustive probe insofar as the violation and the criminal acts committed by the Company and its management.<\/li>\n<\/ul>\n<h4 style=\"text-align: justify;\"><span style=\"color: #0000ff;\">Court\u2019s opinion:<\/span><\/h4>\n<p style=\"text-align: justify;\">Bench held that since the petition had been pending before the NCLT, there was no reason to file the present complaint.<\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"color: #008080;\">This Court cannot and should not overreach and rather should lay its hands off and let those proceedings continue\/attain finality.<\/span><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">Further, the Court also expressed that,<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008080;\"><em>NCLT is a designated tribunal for the said purposes and in eventuality if any probe or any investigation is ordered the same would cover or encompass the allegations made in the complaint.<\/em><\/span><\/p>\n<p style=\"text-align: justify;\">High Court stated that the complainant ought to have come before this Court with clean hands and informed that such a petition was pending\/prosecuted before the NCLT.<\/p>\n<blockquote>\n<p style=\"text-align: center;\"><span style=\"color: #008080;\"><em>Non-Disclosure of the said facts amounts to concealment of facts.<\/em><\/span><em style=\"text-align: justify; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">\u00a0<\/em><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">Instant complaint only mentioned a petition filed under Sections 241 and 242 of the Companies Act, 2013 and does not mention the petition which had been filed under Section 213 of the Companies Act.<\/p>\n<p style=\"text-align: justify;\">In Court\u2019s opinion, any pending litigation is a material fact that should be placed before the Court.<\/p>\n<p style=\"text-align: justify;\">While adjudicating the application under Section 156(3) of the CrPC, in view of the Supreme Court decision in <em>Priyanka Srivastava v. State of U.P., <\/em><a href=\"http:\/\/www.scconline.com\/DocumentLink\/dvn2w2cD\">(2015) 6 SCC 287<\/a>, the complainant is enjoined to file a detailed affidavit mentioning all the relevant facts.<\/p>\n<p style=\"text-align: justify;\">Insofar as the complaints under the Companies Act, 2013 are concerned the complainant should disclose all the material facts by way of a detailed affidavit.<\/p>\n<p style=\"text-align: justify;\">Another significant point was with respect to Section 439(2) of the Companies Act, which is read as under:<\/p>\n<p style=\"text-align: justify;\"><em>\u201cNo Court shall take cognizance of any offence under this Act which is alleged to have been committed by any company or any officer thereof except on the complaint in writing of the Registrar, a shareholder of the company, or of a person authorized by the Central Govt. in that behalf.\u201d [emphasise mine].\u201d<\/em><em>\u00a0<\/em><\/p>\n<p style=\"text-align: justify;\">The said section vests a shareholder with a right to prefer a complaint seeking action under the Companies Act, 2013 however the shareholder should be in a sense an <em>\u201cundisputed shareholder\u201d <\/em>qua which there should not be any sort of dispute pending.<\/p>\n<p style=\"text-align: justify;\">The Court can take cognizance of the grievances of the <em>\u201cshareholder\u201d<\/em> but cannot decide as to whether the complainant is a <em>\u201cshareholder\u201d<\/em> or not.<\/p>\n<p style=\"text-align: justify;\">Deciding whether the complainant is a shareholder or not, would be venturing into the uncharted territory\/travelling beyond the jurisdiction of this Special Court constituted under the Companies Act.<\/p>\n<p style=\"text-align: justify;\">In view of the above discussion, the present complaint does not lie before this Court as it would be a futile exercise to continue with the same \u2013 rather would not be in consonance with judicial propriety on account of the pendency of the matter before the NCLT, also this Court cannot adjudicate the right of the complainant being a shareholder or otherwise aggrieved of which the complainant could vindicate by filing a criminal complaint.[Green Edge Infrastructure (P) Ltd. v. Magic Eye Developers (P) Ltd., CC No. 693 of 2020, decided on 4-3-2022]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dwarka Courts, New Delhi: Noting the complaint to be a complete abuse of process of law or in a manner sort of <\/p>\n","protected":false},"author":8808,"featured_media":216245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4721],"tags":[27634,31018,10801,12521,48824],"class_list":["post-263324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-district-court","tag-companies-act","tag-company-petition","tag-material-facts","tag-nclt","tag-no-disclosure-of-facts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Non-Disclosure of fact that a petition under S. 213 Companies Act is pending before NCLT, would amount to concealment of facts? 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Gupte, J held that every winding up petition under clause (e) of Section 433 which is\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":199240,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/07\/30\/petition-under-sections-433e-and-434a-of-companies-act-admitted-on-failure-of-any-bona-fide-ground-for-non-payment-of-dues\/","url_meta":{"origin":263324,"position":3},"title":"Petition under Sections 433(e) and 434(a) of Companies Act admitted on failure of any bona fide ground for non-payment of dues","author":"Bhumika Indulia","date":"July 30, 2018","format":false,"excerpt":"Delhi High Court: A Single Judge Bench comprising of Jayant Nath, J., admitted a petition filed for winding up of respondent company. The petition was filed under Section 433(e) and 434(a) of the Companies Act, 1956. The petitioner company had business dealings with the respondent company. The respondent was indebted\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":310165,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/12\/26\/sfio-not-barred-from-investigating-offences-under-ipc-conducting-further-investigation-legal-news\/","url_meta":{"origin":263324,"position":4},"title":"SFIO not barred from investigating offences under IPC and conducting \u2018further investigation\u2019 after filing of investigation report: Delhi High Court","author":"Simranjeet","date":"December 26, 2023","format":false,"excerpt":"\u201cIf power is given to the Special Court under Section 436(2) of the Companies Act, 2013 (\u2018the Act\u2019) to try offences other than those under the Act, then SFIO\u2019s power to investigate into such offences cannot be restricted.\u201d","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"delhi high court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":342979,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/05\/nclt-rejects-vedanta-ltd-s-demerger-plan-over-non-disclosure-of-sepcos-debt-and-procedural-irregularities-scc-times\/","url_meta":{"origin":263324,"position":5},"title":"NCLT rejects Vedanta Ltd.\u2019s demerger plan over non-disclosure of SEPCO\u2019s debt and procedural irregularities","author":"Ritu","date":"March 5, 2025","format":false,"excerpt":"\u201cThe present one is a case where material facts have not been disclosed by the Applicant Company, violating Section 230 (2)(a) of the Companies Act, 2013, which in our considered opinion is bound to prejudice the public interest at large.\u201d","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"National Company Law Tribunal","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/National-Company-Law-Tribunal.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/National-Company-Law-Tribunal.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/National-Company-Law-Tribunal.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/National-Company-Law-Tribunal.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/263324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=263324"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/263324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/216245"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=263324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=263324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=263324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}