Authority: National Company Law Tribunal, Division Bench–I, Chennai
Order Date: 16 June 2026
Case Overview
The hearing pertains to Company Petition No. CP/1/2016 filed under Sections 397 and 398 of the Companies Act, 1956. The petitioners are R. Doraisamy and one other. The respondents are Mehala Carona Textiles Pvt. Ltd. and one other. The petition alleges oppression and mismanagement in the affairs of the company. The bench, comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical), heard arguments from the counsel for both parties. Shri. Sandeep Kumar Ambalavan represented the petitioner, and Shri. R. Vidhya Shankar represented the first respondent (R1), Mehala Carona Textiles Pvt. Ltd.
Final Outcome
The arguments were only partly heard. The tribunal has adjourned the matter and listed the petition for further arguments on 08 July 2026, which is scheduled to be a physical hearing.
Topics: NCLT, Oppression and Mismanagement, Corporate Governance