Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 22 June 2026
Case Overview
The matter involves a petition filed under Sections 397 and 398 of the Companies Act, 2013, by Surekha Reddy and 46 other petitioners against Divya Retreat Limited and 6 other respondents. These sections pertain to relief in cases of oppression and mismanagement in a company. The case is registered as TP No.78/397/398/HDB/2016 and CP No.50/2015. The bench comprised Shri Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri Sanjay Puri, Hon'ble Member (Technical). During the hearing, learned counsels Dr. SV Ramakrishan and Mr. Sumedh appeared for the petitioners. There was no appearance for Respondents No.1, 3, 4, and 5.
Final Outcome
The Tribunal noted that relevant documents were not part of the company petition. It directed the petitioners to file these documents along with a memo with the registry and to serve the same to the other party within one week. The matter was adjourned to 06 July 2026 for further hearing.
Topics: Shareholder Dispute, Corporate Governance, Legal Proceeding