K S R Textile Mills Oppression Mismanagement Petition Hearing Adjourned

Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai

Order Date: 10.06.2026

Case Overview

The National Company Law Tribunal (NCLT) Chennai heard petition CP/91(CHE)/2022 filed under Section 241(1) of the Companies Act, 2013. The petitioners are K R Sengottuvelu & 3 Others, while the respondents are K S R Textile Mills Pvt. Ltd. & 7 Others. The matter involves allegations of oppression and mismanagement. The bench noted that pleadings are complete and the matter directly and substantially involves the same parties with overlapping issues. There are specific directions from the Hon'ble Principal Bench of NCLT to hear this petition together with CP/112/2022.

Multiple legal representatives were present during the hearing: Shri. R. Parthasarathy (Senior Counsel for Petitioners), Shri. P.J. Sri Ganesh (for Respondents 3, 4, 7 & 8), Shri. Arjun Ram (for Respondent 1), Shri. R. Imayavaramban (for Respondent 5), Ms. S. Manjula Devi (for Respondent 9), and Shri. Mohammed Umar (for Respondent 10).

Final Outcome

The Tribunal adjourned the matter and listed it for final hearing on 07.08.2026. The order was signed by both members of the bench: Hon'ble Shri. Venkataraman Subramaniam (Member Technical) and Hon'ble Shri. Sanjiv Jain (Member Judicial).

Topics: Corporate Governance, Legal Proceedings