I want to file an NCLT petition against my company's oppressive management in Kolkata; what is the procedure and what reliefs can I seek?
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You may file a petition under Sections 241-242 of the Companies Act, 2013 before the National Company Law Tribunal (NCLT) bench having jurisdiction over Kolkata, seeking reliefs such as regulation of company affairs, purchase of your shares, or setting aside oppressive actions. The petition must be accompanied by an affidavit, a list of oppressive acts, and supporting documents showing your status as a member. The NCLT may pass interim orders to prevent further prejudice pending final disposal. You should also consider whether the Calcutta High Court has any concurrent jurisdiction under the applicable West Bengal Premises Tenancy Act 1997 for derivative claims. Engaging a corporate litigation lawyer to draft the petition with precision is advisable. The Tribunal typically issues notice to the respondents and schedules hearings within stipulated timelines.
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