Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard matter TCP/65/2016, a petition filed under Sections 397/398 of the Companies Act, 1956 concerning oppression and mismanagement. The petitioners are J. Sivakumar & 1 another, while the respondents are Navrang Shipping Pvt Ltd & 2 others. During the hearing held via video conference, the petitioner's counsel, Ms. M.J. Prabhavathy, sought an adjournment stating she was not ready to proceed. The respondent's counsel, Mr. K.K. Muralitharan, indicated he was busy with matters in the High Court.
Final Outcome
The bench, consisting of Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), granted the joint request for adjournment. The petition has been rescheduled for final hearing on 12 August 2026.
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