The Principal Bench of National Company Law Tribunal (NCLT) has ruled that the Delhi Gymkhana Club was acting in a manner prejudicial to “public interest” and therefore a five-member central government-appointed panel should look into the affairs of the club.
About:
What is it? The Delhi Gymkhana Club is one of the oldest and most prestigious private membership club in India.
Background: It was founded in 1913. Its first president was Spencer Harcourt Butler, first governor of the then United Provinces of Agra and Oudh.
Location: The club is located in Lutyens' Delhi on Safdarjung Road.
Governance: The club is registered as a company under Section 8 of Companies Act. The club is run by a 16-member governing body, which consists of various retired government and army officers as well as other private citizens.
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