Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard matters CP 57/241/HDB/2025 and IA (CA) 318/2025 filed under Sections 241, 242 read with Sections 213, 271, 272, 147, 143, 130, 129, 92, and 86 of the Companies Act, 2013. The case involves allegations of oppression and mismanagement against Padmavati Builders Pvt Ltd. and 22 other respondents. The petitioner is Ms. Sunita Joginpally. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
Final Outcome
The hearing was adjourned to September 24, 2026, due to the absence of the petitioner. Counsel for Respondents 1 and 2, Mr. Sravanth Paruchuri, was present during the hearing. No substantive proceedings or decisions were made on the merits of the case during this hearing.
Topics: NCLT Proceedings, Corporate Governance, Oppression & Mismanagement