Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard petition CP(CA)/89(CHE)/2024 filed under Sections 241-242 and 244 of the Companies Act, 2013. The petition involves allegations of oppression and mismanagement against Arun Textiles Pvt Ltd, with A Deivanai and another individual as petitioners versus Arun Textiles Pvt Ltd and another respondent. The court noted that mediation between the parties has failed to resolve the dispute. Both parties' legal counsels were present during the hearing, with Mr. T.K. Bhaskar and Mr. P.J. Sriganesh representing the petitioners, and Mr. R. Vidhyashankar representing the respondents.
Final Outcome
The NCLT bench comprising Member (Judicial) Shri Sanjiv Jain and Member (Technical) Shri Venkataraman Subramaniam listed the petition for final hearing on 12 August 2026, which will be conducted as a physical hearing. The counsels for both parties undertook to clear the mediator's dues within one week from the order date. The court noted that pleadings are complete and synopsis has been filed, indicating the case is ready for final arguments.
Topics: Corporate Governance, Legal Dispute, Shareholder Rights