Founder and Chairman of the Max Group Analjit Singh has revealed in an exchange filing that he has settled the dispute with his former spouse, Neelu Analjit Singh. .As a result of this settlement, the litigation before the National Company Law Tribunal (NCLT) and the Delhi High Court have been withdrawn..Neelu Analjit Singh claimed that company assets were being siphoned off through sham transactions and that she was being ousted from the business by her husband. She also alleged that her husband was involved in an "illicit affair" with a woman who was a beneficiary of these acts..She filed a suit in the Delhi High Court in 2020 and a petition in the NCLT alleging oppression and mismanagement in 2022..During the pendency of the litigation, the Delhi High Court in April 2023 appointed Justice (retd) Vineet Saran, former judge of the Supreme Court, to mediate the dispute. The settlement was reached nearly two years after the dispute was referred to mediation. .Analjit Singh was represented in the mediation by Advocate Anil Kasturi, Senior Partner at AZB & Partners..Neelu Analjit Singh was represented in the mediation by Advocates Malavika Rajkotia and Rishabh Sancheti..The litigation in the Delhi High Court was withdrawn on January 16, while the litigation in the NCLT was withdrawn on February 6..Before the Delhi High Court, Neelu Analjit Singh was represented by Senior Advocate Dayan Krishnan..She was also represented in the High Court by Advocates Malavika Rajkotia and Rishabh Sancheti, briefed by Pranay Goyal, Dharav Shah, Apoorva Kaushik, Suyash Goverdhan and Dhawal Desai from Wadia Ghandy & Co, along with Advocate Mayank Grover..Analjit Singh was represented in the Delhi High Court by Senior Advocate Sanjeev Puri. Puri was briefed by Advocates Anindita R Chowdhury (Partner) and Vatsala Rai (Partner) from AZB & Partners..Other lawyers who appeared in the Delhi High Court include Rohit Puri, Abhinav Tyagi, Amit George, Sugandh Kochhar, V Bharadwaj and Srishti..Before the NCLT, Neelu Analjit Singh was represented by Advocate Angira Singhvi Lodha (Partner) of Khaitan & Khaitan..Analjit Singh was represented by Anandita Roy Chowdhury and Vatsala Rai from AZB..Max Venture Investment Holdings was represented by a team from Cyril Amarchand Mangaldas comprising L Viswanathan (Senior Partner), Vikash Kumar Jha (Partner), Varalika Dev (Senior Associate), and Ena Kapur (Associate)..[Read exchange filing]
Founder and Chairman of the Max Group Analjit Singh has revealed in an exchange filing that he has settled the dispute with his former spouse, Neelu Analjit Singh. .As a result of this settlement, the litigation before the National Company Law Tribunal (NCLT) and the Delhi High Court have been withdrawn..Neelu Analjit Singh claimed that company assets were being siphoned off through sham transactions and that she was being ousted from the business by her husband. She also alleged that her husband was involved in an "illicit affair" with a woman who was a beneficiary of these acts..She filed a suit in the Delhi High Court in 2020 and a petition in the NCLT alleging oppression and mismanagement in 2022..During the pendency of the litigation, the Delhi High Court in April 2023 appointed Justice (retd) Vineet Saran, former judge of the Supreme Court, to mediate the dispute. The settlement was reached nearly two years after the dispute was referred to mediation. .Analjit Singh was represented in the mediation by Advocate Anil Kasturi, Senior Partner at AZB & Partners..Neelu Analjit Singh was represented in the mediation by Advocates Malavika Rajkotia and Rishabh Sancheti..The litigation in the Delhi High Court was withdrawn on January 16, while the litigation in the NCLT was withdrawn on February 6..Before the Delhi High Court, Neelu Analjit Singh was represented by Senior Advocate Dayan Krishnan..She was also represented in the High Court by Advocates Malavika Rajkotia and Rishabh Sancheti, briefed by Pranay Goyal, Dharav Shah, Apoorva Kaushik, Suyash Goverdhan and Dhawal Desai from Wadia Ghandy & Co, along with Advocate Mayank Grover..Analjit Singh was represented in the Delhi High Court by Senior Advocate Sanjeev Puri. Puri was briefed by Advocates Anindita R Chowdhury (Partner) and Vatsala Rai (Partner) from AZB & Partners..Other lawyers who appeared in the Delhi High Court include Rohit Puri, Abhinav Tyagi, Amit George, Sugandh Kochhar, V Bharadwaj and Srishti..Before the NCLT, Neelu Analjit Singh was represented by Advocate Angira Singhvi Lodha (Partner) of Khaitan & Khaitan..Analjit Singh was represented by Anandita Roy Chowdhury and Vatsala Rai from AZB..Max Venture Investment Holdings was represented by a team from Cyril Amarchand Mangaldas comprising L Viswanathan (Senior Partner), Vikash Kumar Jha (Partner), Varalika Dev (Senior Associate), and Ena Kapur (Associate)..[Read exchange filing]
