Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: June 9, 2026
Case Overview
The hearing concerned Company Petition No. CP/117(CHE)/2023 filed by petitioner Ratnavel against respondent KSPS CFS Park Pvt Ltd and Others. The petition was filed under Sections 213, 241, and 242 of the Companies Act, 2013, which pertain to investigation of company affairs and relief in cases of oppression and mismanagement. The valuer appointed in the matter has submitted their valuation report, which was presented before the tribunal during this hearing.
Final Outcome
The registry was directed to accept the copy of the valuation report, which had already been served on all parties. The petition was listed for the next hearing on August 4, 2026, to hear any objections to the valuation report and for final arguments in the matter.
Topics: NCLT Proceedings, Company Valuation, Oppression & Mismanagement