NCLT dismisses applications to keep EGM in abeyance, vacates interim order
The NCLT Allahabad has dismissed applications that sought to keep an Extra-Ordinary General Meeting (EGM) in abeyance. The tribunal has vacated its previous interim order, allowing parties to proceed under the Companies Act, 2013. JPL will take necessary legal steps.
The dismissal of applications to keep the EGM in abeyance is significant as it allows for the progression of shareholder matters. However, the actual impact depends on the nature of the EGM and the resolutions to be discussed, which are not detailed here.
The NCLT's order dismisses the applications to keep the EGM in abeyance and vacates the interim order. This allows the company to proceed, but it is a procedural development rather than a direct financial or business outcome.
Jagran Prakashan Limited (JPL) has announced that the Hon’ble National Company Law Tribunal (NCLT) Allahabad, vide its order dated 23rd April, 2026 (uploaded on 29th April, 2026), has dismissed the applications filed by Jagran Media Network Investment Private Limited (JMNIPL) concerning company applications C.A. Nos. 04, 05, and 06 of 2026. These applications were related to a special notice for the removal of directors.
The NCLT has vacated the interim order dated 27th February, 2026, which had kept the requisition for convening an Extra-ordinary General Meeting (EGM) in abeyance. The Tribunal has further observed that the parties are at liberty to proceed in accordance with the provisions of the Companies Act, 2013. JPL will take appropriate steps as per legal advice.
This development follows earlier hearings where the NCLT had, on 26th February 2026, directed that the requisition for the EGM be kept in abeyance. Subsequently, on 19th March 2026, the NCLT reserved orders and extended the abeyance of the requisition until the disposal of the applications. The company will provide further updates upon material developments.
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