Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 17 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench, comprising Member (Judicial) Sanjiv Jain and Member (Technical) Venkataraman Subramaniam, heard petition number CP/133(CHE)/2023. The petition was filed by Sunil Varghese (Petitioner) against Kidim Indi Pvt Ltd and four other respondents under Section 213 of the Companies Act, 2013. During the hearing held via video conferencing, the petitioner's counsel, Shri K.M. Anand, sought an adjournment citing that there was "every possibility of settlement before the next date." This request was not opposed by the Senior Counsel representing respondents R1 to R3 (Shri P.H. Arvindh Pandian) or the counsel for respondents R4 and R5 (Shri Avinash Krishnan Ravi).
Final Outcome
The bench granted the adjournment and listed the petition for the next hearing on 19 August 2026. The purpose of the next hearing is to report any settlement reached between the parties or to proceed with the hearing of the petition if no settlement is achieved.
Topics: NCLT Proceedings, Corporate Dispute, Settlement Negotiations