Realty group Omaxe and its chairman Rohtas Goel have been dragged to the National Company Law Tribunal by his younger brother Sunil Goel, alleging mismanagement into the affairs of the company.
Sunil Goel, who was removed as a joint managing director last year, also sought his reinstatement and also prayed for a status quo ante of the company on September 27, 2017.
Omaxe group has termed the allegations of Sunil Goel as "false and frivolous".
The Chandigarh bench of NCLT heard the matter on September 19 and did not grant any stay. It has posted the matter on November 16 for hearing.
The NCLT has observed that the petitioner has only 1.84 per cent stake in Omaxe and sought a special waiver under Section 244 of the Companies Act to be eligible to file such a matter.
"No ground for interim stay. The petitioner shall collect the notices from the registry and send the same immediately to the respondents No.1 to 15 by speed post at the registered office address of Omaxe along with the copy of petition and the entire paper book as well as at the email address available on the master data of the company and by speed post to rest of the respondents and file affidavit of service along with copy of postal receipts, tracking report and copy of email at least five days before the date fixed," it said.
In his petition,