Authority: National Company Law Tribunal, Kochi Bench (Shri Vinay Goel, Member (Judicial) & Shri Ravichandran Ramasamy, Member (Technical))
Order Date: 14 July 2026
Case Overview
This order pertains to an Interlocutory Application (IA(C/ACT)/144/KOB/2025) within the main petition CP/35/KOB/2020. The petition was filed under Sections 241-242 and 213 of the Companies Act, 2013 by the MRPN Minority Share Holder Customer Welfare Association, represented by Smt. Asha Mary Cherian, against Mary Rani Popular Nidhi Ltd and six other respondents. The matter involves allegations of oppression and mismanagement concerning the Nidhi company. Respondents 1 to 6 had already been proceeded against ex-parte by a previous order. During this hearing, counsel for Respondent 8 (M A Shaji) appeared virtually and submitted certain documents, which were taken on record. No one appeared on behalf of Respondents 7 and 9.
The tribunal directed the counsel for Respondent 5 to supply copies of all documents submitted by Respondent 8's counsel to the applicant's counsel (Krishna Moorthy N). Upon receipt, the applicant's counsel was given five working days to file a response.
Final Outcome
The case, along with the connected Interlocutory Application, was adjourned to 07 August 2026. The adjournment is to await the presence of representatives for Respondents 7 and 9 and to allow for the filing of the applicant's response to the newly submitted documents.
Topics: NCLT, Corporate Governance