Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 17 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai bench heard matter CP/27(CHE)/2021, which is a petition filed by Ashok Bajaj against South India Surgical Co. Ltd under Sections 241-242 of the Companies Act, 2013. These sections pertain to proceedings for relief in cases of oppression and mismanagement in company affairs. The hearing was conducted through video conference with representation from both parties: Ms. Hemavathi appeared as counsel for the petitioner (Ashok Bajaj), while Mr. T.K. Bhaskar represented respondents R1 and R2 (South India Surgical Co. Ltd and potentially another respondent), and Mr. Kavin represented respondent R3.
Both parties had filed written synopsis submissions for the hearing. The registry was directed to accept hard copies of these submissions.
Final Outcome
The tribunal adjourned the matter and listed the petition for next hearing on 15 July 2026. No substantive decisions or rulings were made in this order, which primarily served to record attendance and schedule the next hearing date.
Topics: NCLT Proceedings, Company Law, Oppression & Mismanagement