NCLAT dismisses Individual Shareholder Appeal with ₹5 Lakh Costs

The dispute arose from a long-pending oppression and mismanagement petition concerning Dreams the Mall, Mumbai. NCLAT held that Mehul Vyas's intervention application had already been dealt with in 2020, contrary to his assertion that it remained pending. Having been given an opportunity to pursue grievances collectively, he could not continue separate individual proceedings to challenge the final order. The appeal was dismissed, with exemplary costs of ₹5 lakh imposed for non-disclosure of a material order and conduct contributing to multiplicity of litigation.