Lawstreet Journal

Delhi Gymkhana Club: NCLT Permits Centre To Take Over

Lawstreet Journal 2 Apr 2022 10:58pm

Image courtesy: Lawstreet Journal Judiciary Delhi Gymkhana Club: NCLT Permits Centre To Take Over

On 1st April’2022, Central government's plea to take over the affairs of the Delhi Gymkhana Club has been allowed by The National Company Law Tribunal (NCLT) thereby appointing a 15-member committee to manage its affairs.

Additional Solicitor General KM Nataraj represented the Centre while the Delhi Gymkhana Club was represented by advocate Namit Saxena.

The order was passed by President Justice Ramalingam Sudhakar and Member Narender Kumar Bhola. The order was passed while adjudicating a petition moved by the Central government under Sections 241 and 242 of the Companies Act, 2013 alleging that the affairs of Delhi Gymkhana Club were highly prejudicial to public interest. 

The Central government, in its petition before the National Company Law Tribunal mentioned that following the several complaints received, the affairs of M/s Delhi Gymkhana Club Ltd were inspected by it under Section 206(5) of the Companies Act, 2013. 

After its rigorous investigation, Central government alleged that there was rampant mismanagement by the General Committee of the Club, which were violative of the Articles of Association and the Companies Act, 2013. 

It was further alleged that over the years, the successive General Committees of the Club had vaguely twisted the objects of the company and functioned in a manner so as to remain in control of the Club through an "unauthorised and complicated succession mechanism". 

The admission process to the Club had over time become dynastic, alleged the Central Government. It was alleged that the members of the General Committee of the Club were… Continue Reading...

Tagged: NCLT  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0

C2RMTo Know More

Something Awesome Is In The Work









Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail