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2024 (7) TMI 1467

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..... ground of lack of territorial jurisdiction - HELD THAT:- This Court is of the view that the foundation for approaching the Ministry of Corporate Affairs, Government of India is the order passed by NCLT, Bengaluru. Moreover as the registered office of VSPL is situated in the state of Karnataka, the High Court which would have the jurisdiction to deal with the issues arising out of the order passed .....

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..... 6726/2024, whereby the Appellants writ petition seeking initiation of investigation into the affairs of M/s Vikram Structures Pvt. Ltd. (VSPL) and its related parties by the SFIO in terms of order dated 07th December, 2023 passed by the National Company Law Tribunal (NCLT), Bengaluru in CP. No. 14/BB/2022 was dismissed on the ground of lack of territorial jurisdiction. 2. Learned counsel for the A .....

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..... ation into the affairs of the M/s Vikram Structures Private Limited. 4. The Five Judges Bench of this Court in Sterling Agro Industries Ltd. vs. Union of India Ors., 2011 SCC OnLine Del 3162 has held that while entertaining a writ petition, the doctrine of forum conveniens and the nature of cause of action are required to be scrutinised by the High Court depending upon the factual matrix of each c .....

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..... ents have been placed on record by the Appellant to substantiate the contention that the seat or the main head office of VSPL is located in Delhi. 8. This Court is of the view that the foundation for approaching the Ministry of Corporate Affairs, Government of India is the order passed by NCLT, Bengaluru. Moreover as the registered office of VSPL is situated in the state of Karnataka, the High Cou .....

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