Authority: National Company Law Tribunal, Division Bench–I, Chennai
Order Date: 22 June 2026
Case Overview
The matter involves a petition filed by Dr Shiva Prashanth against Priya Diagnostic and Ultrasound under Sections 213, 241-242 of the Companies Act, 2013, which pertain to investigation into company affairs and oppression and mismanagement. The hearing was conducted through video conferencing before a bench comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical). Shri. Andrew Kirupakaran appeared as counsel for the petitioners, while Shri. Magilan appeared for Respondent 2 (R2). Respondent 1 (R1) is the company itself. A reply had been filed by R2, but the petitioner had not filed a rejoinder despite previously granted time.
Final Outcome
The Tribunal granted the petitioner a final opportunity of two weeks to file the rejoinder. The case was listed for its next hearing on 19 August 2026. The interim order that was previously issued on 28 April 2026 was directed to continue until the next hearing.
Topics: Legal Proceedings, Corporate Governance