Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: 09 October 2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench, comprising Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Radhakrishna Sreepada, heard matters related to CA (Company Application) 93/2026 in CP (Company Petition) No. 40/BB/2026. The petition was filed under Sections 241-242 of the Companies Act, 2013, which deal with oppression and mismanagement in companies. The respondents are Vistara Media Pvt Ltd & Others, while the petitioners are Kampalapura Narasimaih Jayalakshmi & Another. During the hearing, the applicant (respondent in the main petition) requested an adjournment as they had yet to file the physical copy of their rejoinder. This request was objected to by the petitioner's counsel.
Final Outcome
The Bench, considering the interest of justice, allowed the adjournment and deferred the matter to 11 December 2026. On this new date, the Tribunal will hear arguments on both the company application (CA 93/2026) and the main company petition (CP No. 40/BB/2026).
Topics: NCLT Proceedings, Corporate Dispute, Adjournment