Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 22-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard matter CP No. 35/241/HDB/2023 filed under section 241 of the Companies Act, 2013, which deals with oppression and mismanagement in companies. The petition was filed by Aveena Gudapeti against M/s. Vivessa Industries Private Limited and three other respondents. During the hearing held on 22nd June 2026 at 12:10 PM in hybrid mode, the petitioner was absent with no representation. Only the counsel for respondent No.2, Mr. Ch Srinivasulu, appeared before the bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. The other respondents had already been declared ex-parte in previous proceedings.
Final Outcome
Due to the absence of the petitioner, the tribunal adjourned the matter to 26th October 2026 for further hearing. The case remains pending without substantive progress on the merits of the oppression allegations.
Topics: Corporate Governance, Legal Proceedings, Company Law