NCLAT junks Appeal; Directs to follow NCLT order and submit written response to Pankaj Oswal’s Petition

Late Sh. Abhey Oswal’s eldest son Mr. Pankaj Oswal had filed a legal proceeding under the Indian Companies Act at NCLT, Chandigarh on the 1st of February 2018 for mismanagement, misappropriation and Related Party Transactions clandestinely happening in his late father’s companies Oswal Agro Mills Limited (OAML) and Oswal GreenTech Limited. Mr. Pankaj Oswal is one of the legal heir who is deprive from his succession rights and seeking transfer of his companies’ shares. Late Sh. Abhey Oswal held 53530960 shares in OAML and therefore Mr. Pankaj Oswal is entitled to 13382740 shares by way of transmission as legal heir of Late Sh. Oswal.]]>