Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 11-06-2026
Case Overview
The National Company Law Tribunal, Hyderabad Bench heard Company Petition No. 20/241/HDB/2021 filed under Section 241 of the Companies Act, 2013. The petition involves Mr. Myadam Kartikeya as Petitioner against M/s. Bambino Agro Industries Limited and 12 Others as Respondents. The matter concerns allegations of oppression and mismanagement against the company's affairs.
During the hearing held on 11th June 2026 at 1:05 PM, counsel for Respondents No. 1 to 3 informed the bench that settlement talks between the parties are ongoing. The bench, comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri, granted the respondents two weeks to file their counter affidavits, if any.
Final Outcome
The matter has been adjourned to 24th September 2026 along with all pending Interlocutory Applications (IAs) at the request of all respondents. The case will continue to be heard in virtual and physical (hybrid) mode.
Topics: Shareholder Dispute, Corporate Governance, Legal Proceedings