Authority: National Company Law Tribunal, Amaravati Bench
Order Date: June 18, 2026
Case Overview
This matter concerns a restoration application (Companies Act)/7/2025 filed within TCP No.118/241/AMR/2019. The petitioner is Mr. Vemuri Krishna Prasad, and there are 13 respondents, with Sai Annapurna Bio Proteins Pvt. Ltd listed as the first respondent. The application is made under Section 241 of the Companies Act, 2013, and Rule 48 of the NCLT Rules, 2016. The hearing was conducted via hybrid mode before a bench comprising Judicial Member Shri Kishore Vemulapalli and Technical Member Shri Umesh Kumar Shukla.
Final Outcome
The tribunal adjourned the hearing and listed the matter for the next hearing on July 16, 2026. This adjournment was granted at the request of the proxy counsel for Respondents 1 to 4 and 9, who sought accommodation on the grounds that the arguing counsel was unavailable. Respondents No.5, 8 to 11 had previously filed a memo dated May 5, 2026, adopting the counter affidavit filed by Respondents No.1 to 4. The counsel for Respondent No.13 also sought a short time to file a memo for adopting the counter.
Topics: Corporate Dispute, NCLT Proceeding, Adjournment