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The order mandates that the NCLT should prepone the matter, require the respondents to file their replies expeditiously, allow the appellant a rejoinder, and proceed to hear the interim application at the earliest opportunity..

This decision reinforces the principle that the NCLT’s role is not merely to address the symptoms of oppression and mismanagement but to provide effective and complete remedies..

The court further directed that legal heirs of deceased shareholders may seek transmission of shares strictly in accordance with the Articles of Association and statutory provisions..

The Tribunal emphasized that the appellant’s repeated breaches, lack of credible defence, and the potential impact on investor interests warranted strict regulatory action..

The Delhi High Court, in the absence of a local nexus, will not entertain petitions seeking transfer of such investigations to central agencies unless exceptional circumstances are demonstrated..