Authority: National Company Law Tribunal, Amaravati Bench
Order Date: 09 July 2026
Case Overview
This matter involves a petition filed by Mohan Rao Kancharla against Modulo Ceramics Pvt Ltd and eight other respondents under Section 241 of the Companies Act, 2013, which pertains to oppression and mismanagement in company affairs. The case is registered as CP/08/241/AMR/2021. An interim application IA(Companies Act)/23/2022 is also pending in this matter. Both parties have reached a settlement and requested additional time to formally report the settlement terms to the tribunal.
Final Outcome
The NCLT Bench comprising Member (Judicial) Shri Kishore Vemulapalli and Member (Technical) Shri Umesh Kumar Shukla granted a two-week extension as requested by both parties' counsel. The matter has been adjourned and is now listed for next hearing on 13 August 2026, when both the main company petition and the interim application will be heard.
Topics: NCLT Proceedings, Corporate Dispute Resolution, Settlement Agreement