Jurisdiction of NCLT Jaipur

The National Company Law Tribunal constituted under Section 408 of the Companies Act, 2013 has jurisdiction over all corporate matters earlier with the Company Law Board and the High Court (Company Court). For Rajasthan, the Jaipur Bench has territorial jurisdiction. Appeals lie to the National Company Law Appellate Tribunal (NCLAT), Delhi within 45 days under Section 421.

Common matters before NCLT

(i) Oppression and mismanagement — Sections 241–244 of the Companies Act; (ii) Mergers, demergers and amalgamations — Sections 230–232; (iii) Capital reduction — Section 66; (iv) Voluntary winding up — Section 59 of the IBC; (v) CIRP under IBC — Section 7/9/10; (vi) Class action — Section 245; (vii) compounding of offences — Section 441; (viii) revival of struck-off companies — Section 252.

Sections 230–232 schemes of arrangement

Scheme of compromise or arrangement between company and its creditors / members requires NCLT sanction. Steps: (i) application to NCLT for direction to convene meetings; (ii) class-wise meetings with statutorily prescribed majority (3/4th in value); (iii) sanction by NCLT after scrutiny of valuation, fairness opinion and Reg-37 / Reg-94 (where listed); (iv) filing of certified copy with ROC. Common uses: amalgamation of group companies, demerger of business segments, restructuring of share capital.

Oppression and mismanagement strategy

A petition under Section 241 must show acts that are oppressive to minority and prejudicial to the company / public interest. Tata-Mistry, Cyrus Investments (2021), reset the standard — mere business decisions, however unwelcome to minority, do not qualify. We carefully build a record of related-party transactions, exclusion from board meetings, mis-classification of accounts, denial of inspection rights, and unilateral capital structure changes.

Compounding, struck-off revival and other reliefs

For compounding of offences under Section 441 — adjudication mechanism through Regional Director / NCLT depending on penalty. For revival of companies struck off under Section 248 — Section 252 application within 20 years; needs to show carrying on of business. For change of registered office between states — application under Section 13(4) with NCLT before Form INC-23. We handle all these as routine ROC and NCLT mandates.