Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench, comprising Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy, heard Petition Number C.P. (CA)/56(CHE)2026. The petition was filed by N B Naranayamoorthy, a shareholder of M/s. Indus Real Estates Pvt Ltd, against the Registrar of Companies (ROC), Chennai. The petition was filed under Sections 271-273 of the Companies Act, 2013, which pertain to the winding up of companies. Learned Counsel Mr. A.G. Sathyanarayana appeared for the petitioner.
The Tribunal observed that the application had been filed with the support of only 40% of the company's shareholders. Consequently, the petitioner was directed to obtain the consent from the remaining shareholders within a period of two weeks from the order date.
Final Outcome
The petition was not adjudicated on its merits. The hearing was adjourned, and the matter was listed for its next hearing on 29 July 2026. The final outcome is contingent upon the petitioner's ability to secure the necessary consent from other shareholders.
Topics: NCLT, Shareholder Dispute, Corporate Winding Up