Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: October 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) Bengaluru Bench heard a petition filed by IKL Innovations LLC Belarus against IKL Bearings India Pvt Ltd & Others under Section 59 of the Companies Act, 2013. The respondents were stated to have been served with notice of the petition. The bench consisted of Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Radhakrishna Sreepada. Representation included Adv. Lokireddy Madhavilatha for the petitioner and Adv. Vishakh KM with Adv. Lingala Moksha for the respondents.
Final Outcome
The tribunal granted the respondents an additional two weeks to file their reply/objections to the petition, with copies to be provided to the petitioner's counsel. The petitioner was granted liberty to file a rejoinder within another two weeks thereafter. The matter was listed for next hearing on November 5, 2026.
Topics: NCLT Proceedings, Corporate Legal Dispute, Companies Act