Authority: National Company Law Tribunal, Division Bench, Court – II, Chennai
Order Date: 16.06.2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench, heard petition number CP(CA)/30/CHE/2025. The petition was filed by Prakash Malayalam & Anr (Petitioners) against Contus Tech Pvt Ltd & 4 Ors (Respondents). The matter was filed under Sections 241 and 242 of the Companies Act, 2013, which pertain to cases of oppression and mismanagement in the affairs of a company. During the hearing, the parties informed the bench that they had narrowed down their requirements for a potential settlement.
Final Outcome
The NCLT bench, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, directed both parties to file the outcome of their settlement discussions within one week. The petition has been adjourned and is now listed for its next hearing on 01.07.2026.
Topics: NCLT, Corporate Dispute, Settlement