Case Note & Summary
The case involved an appeal by Anil Dhirubhai Ambani Ventures Pvt. Ltd. against Reliance Capital Ltd. The appeal was heard by the National Company Law Appellate Tribunal on 25th September 2026. The Respondent's counsel, Shri Arun Kathpalia, submitted that the appeal had become infructuous because the grievance of the Appellant had been resolved; the company name was changed from 'Reliance Capital Ltd.' to 'IndusInd', and an affidavit confirming this change was filed on 11th September 2026. The Appellant's counsel acknowledged that there was nothing left to consider in the appeal and requested its dismissal. Consequently, the Tribunal dismissed the appeal as infructuous, stating that there were no orders as to costs and all pending interim applications were disposed of. The decision was made by Justice Mohammad Faiz Alam Khan and Member (Technical) Indevar Pandey.
Headnote
A) Company Law - Infructuous Appeal - Dismissal of Appeal - Companies Act, 2013 - The appeal was dismissed as infructuous since the grievance of the Appellant was redressed by changing the name of the company from 'Reliance Capital Ltd.' to 'IndusInd'. The Appellant's counsel conceded that nothing survives in the appeal, leading to its dismissal. Held that the appeal is dismissed as infructuous (Paras 1-3).
Issue of Consideration
Whether the appeal should be dismissed as infructuous due to the redressal of the grievance.
Final Decision
The appeal was dismissed as infructuous, with no orders as to costs and all pending interim applications disposed of.
Law Points
- Infructuous appeal
- dismissal of appeal
- change of company name
