Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: 18 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench heard matter CP(CA)/31(CHE)/2024 through video conference. The petition was filed by S Venkatesh Babu against ALG India Enterprises Pvt Ltd and five other respondents under Sections 241-242 and 213 of the Companies Act, 2013. These sections pertain to oppression and mismanagement in company affairs and the investigation into company ownership respectively.
During the hearing, Mr. Velpula Audityaa appeared as counsel for the petitioner, while Mr. Akash Clinton represented respondents R1 to R5. The arguing counsel for the petitioner was stated to be unavailable for the hearing.
Final Outcome
The bench, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), adjourned the matter at the request of the parties. The petition has been listed for final hearing on 18 August 2026. No substantive arguments were heard or decisions made on the merits of the case during this hearing.
Topics: NCLT Proceedings, Corporate Dispute