Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 09-06-2026
Case Overview
The hearing pertains to Contempt Application (CA) 8/2024 filed within Company Petition No. 217/241/HDB/2018. The original petition was filed under Sections 241 and 242 of the Companies Act, 2013, which deal with oppression and mismanagement in company affairs. The matter involves Mr. M Chandrasekhar Rao and Others as Petitioners versus M/s. Polygon Refractories Private Limited and 7 Others as Respondents. The contempt application suggests alleged non-compliance with previous orders of the Tribunal.
Final Outcome
The Tribunal adjourned the hearing of Contempt Application (CA) 8/2024 to 11th August 2026 due to the absence of the applicant's counsel. The respondents (1-4) were represented by Senior Counsel Mr. Krishna Grandhi along with Mr. Avinash Alladi. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
Topics: NCLT Proceedings, Corporate Governance, Legal Adjournment