Hyderabad, June 30 -- The Hyderabad bench of the National Company Law Tribunal (NCLT) has declared invalid the allotment of equity shares worth around Rs. 2.50 crore made by MBG Commodities Private Limited in favour of Anju Devi Mandhani and Avantika Mandhani.

The tribunal directed the company to restore the 71.79 per cent shareholding held by petitioners Ashok Kumar Mandhani and Raj Kumar Mandhani and their spouses, and to make necessary corrections in the company's records.

The dispute arose after MBG Commodities, a company owned by members of the Mandhani family, allotted equity shares worth Rs.2.50 crore to Anju Devi Mandhani and Avantika Mandhani on June 28, 2025.

Challenging the allotment, brothers Ashok Kumar Mandhani and Raj Ku...