GENERAL22 Sept 2026
SC issues notice on challenge to NCLAT ruling on convening company EGMs
The Supreme Court has issued notice in a case challenging an NCLAT order. The National Company Law Appellate Tribunal's ruling concerns when the National Company Law Tribunal can direct a company to hold an extraordinary general meeting under Section 98 of the Companies Act. The court will also look at whether other remedies must be used first. This affects company boards and shareholders in meeting disputes.
Key Statutory Highlights
- The Supreme Court has sought responses on the NCLAT order about the NCLT's power to convene extraordinary general meetings.
- The dispute concerns when the NCLT can direct an extraordinary general meeting under Section 98 of the Companies Act.
- The case also covers whether other remedies must first be used before this route is taken.
Actionable Advice for Taxpayers / Founders:If your company is involved in a meeting or shareholder dispute, track how this case develops and check with a company law professional before deciding your next step. The final position is not settled yet.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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