Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 09.07.2026
Case Overview
This order pertains to CA No. 142/2026 in CP No. 110/BB/2022, a petition filed under Sections 241-242 of the Companies Act, 2013 by Mr. Sharatchandra Medishetty & Another against M/s Vanivilas Cements Pvt Ltd & Others. The matter involves allegations of oppression and mismanagement against the company. The bench comprised Shri Sunil Kumar Aggarwal (Member Judicial) and Shri Banwari Lal Meena (Member Technical). Counsels present included Ms. Raksha for Shri S.K Ravi representing the petitioners, and Mr. D.R Ravishankar (Senior Advocate) with Ms. Siri Rajashekar & Mr. Aman representing the respondents.
Final Outcome
The tribunal granted an adjournment. The petitioners' counsel sought time to file a reply to CA No. 142/2026. The bench granted one week for filing this reply, with a copy to the other side. Subsequently, one week was granted for the applicant to file a rejoinder, if any, by serving the copy on the respondents' counsel. The matter has been listed for the next hearing on CA No. 142/2026 on 28th July 2026.
Topics: NCLT Proceedings, Corporate Governance, Legal Adjournment