Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 15 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Hyderabad Bench-II, heard a petition filed under Section 241 of the Companies Act, 2013. The petition, registered as CP (IB) No.02/241/HDB/2026, was filed by P. Subba Rao and three other petitioners against M/s. Girija Builders Pvt Ltd and four other respondents. Section 241 pertains to proceedings concerning oppression and mismanagement in a company. The hearing was conducted in a hybrid mode (VC and physical). The bench was composed of Shri Rajeev Bhardwaj, Member (Judicial), and Shri Sanjay Puri, Member (Technical).
Final Outcome
The Tribunal adjourned the matter to 07 September 2026. The counsel for Respondent No.2 requested time to file a counter-affidavit. The Tribunal allowed this prayer, directing that the counter be filed within three weeks from the order date (15 June 2026). The petitioners were granted a subsequent period of two weeks to file a rejoinder, if any.
Topics: NCLT, Corporate Dispute, Section 241