Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 18 June 2026
Case Overview
The hearing concerns Company Petition No. CP/135(CHE)/2022 filed under Sections 241 and 242 of the Companies Act, 2013. The petitioner is Ranganathan Ram Mohan, and the respondents are Dhandayuthapani Foundry Pvt Ltd and eight others (R1 to R9). The matter involves allegations of oppression and mismanagement in the company's affairs.
During the hearing, the petitioner's counsel reported that despite the tribunal's previous order dated 09 April 2026 directing settlement negotiations, no concrete settlement proposal had been received from the respondents. Respondent R4, Mr. Vikram Damodaran, has been specifically assigned the task of negotiating with the petitioner. The petitioner attended an Extraordinary General Meeting (EGM) held on 08 June 2026 but has not yet received the minutes of that meeting.
Final Outcome
The tribunal adjourned the matter to 06 August 2026 for either reporting a settlement or further hearing. The parties were permitted to join through video conferencing. The case remains pending with no final resolution reached at this hearing.
Topics: Corporate Law, Settlement Negotiations