Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 19 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard matter CP No. 50/2015 (TP No. 78/HDB/2016) filed under Sections 397/398 of the Companies Act, 1956 (pertaining to oppression and mismanagement). The petition was filed by Surekha Reddy and 46 other petitioners against Divya Retreat Limited and 6 other respondents. The bench comprised Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. The hearing was conducted in hybrid mode (VC and Physical).
Final Outcome
The matter was adjourned to 22 June 2026. Dr. SV Ramakrishan appeared as learned counsel for the petitioners. Mr. Anil Mukherjiee appeared as proxy counsel on behalf of Mr. Harish Kumar Villadath, representing respondents No. 1, 3, 4, and 5.
Topics: NCLT Proceedings, Shareholder Dispute, Corporate Governance