Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench, comprising Hon'ble Member (Judicial) Shri. Sunil Kumar Aggarwal and Hon'ble Member (Technical) Shri. Radhakrishna Sreepada, heard IA(CA) 04/2026 in C.P. No. 56/BB/2025. The case involves a petition filed under Sections 241-242 of the Companies Act, 2013, with M/s Ambika Traders & Ors as the petitioners and Shree Basaveshwara Sugar Ltd & Ors as the respondents. The matter was presented through physical hearing/VC mode (hybrid). Representation included Ms. A V S Rayudu for the petitioner and R-1 to R-3, Ms. Pooja R for the same parties, and Ms. Amrita Jain for respondents R-4 to R-7.
Final Outcome
The Tribunal granted an adjournment to the petitioners for filing a rejoinder. The petitioners were directed to complete the necessary filing within two weeks while supplying copies to the other side. The matter has been listed for arguments on the interlocutory application (IA(CA) 04/2026) on 11 August 2026.
Topics: NCLT Proceedings, Company Petition, Adjournment