Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 30 June 2026
Case Overview
The case CP(CA)/65(CHE)/2024 involves petitioners Era.Velusamy and 5 others versus respondents Palladam Hi Tech Weaving Park and 8 others. It is a company application filed under sections 241-244 of the Companies Act, 2013, which pertain to oppression and mismanagement. Pleadings are complete, and arguments were heard on 30 June 2026. Written synopses were filed by the petitioners on 4 April 2025 (SR No. 1396) and by the respondents on 10 February 2026 (SR No. 567).
Final Outcome
The tribunal directed both parties to file fresh synopses within two weeks from the order date. The petition is listed for clarifications on 28 July 2026.
Topics: NCLT Proceedings, Company Law Dispute