Authority: National Company Law Tribunal, Division Bench–I, Chennai
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard arguments in Company Petition CP/149(CHE)/2022 filed under Sections 241-244 of the Companies Act, 2013. The petition alleges oppression and mismanagement against respondent company Fitkits Sports & Nutrition. The petitioner is Mohamed Rayyan. During the hearing held via video conference, arguments were partially heard. The bench comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical) directed the respondent company's counsel, Shri. Vikram Veerasamy, to file financial statements demonstrating that the company is operational and a "running company."
Final Outcome
The tribunal adjourned the matter and listed the petition for next hearing on 03 August 2026. The respondent must comply with the directive to submit financial documentation before the next hearing date.
Topics: NCLT Proceedings, Corporate Governance, Company Law