Authority: National Company Law Tribunal, Bengaluru Bench

Order Date: 09.10.2026

Case Overview

The National Company Law Tribunal, Bengaluru Bench, heard an oppression and mismanagement petition (CP No. 112/BB/2026) filed by Mr. Ritesh Ujjwal against Kofluence Tech Pvt Ltd and others under Sections 241-242 of the Companies Act, 2013. The petitioner, who claims to be the original founder and currently the only other director of Kofluence Tech, alleged that he is being completely overlooked and sidelined by the second respondent. He specifically raised concerns about payments being made from the company's accounts to related party companies and sought interim reliefs to put these transactions on hold.

The respondents countered that the petitioner is ultimately seeking an exit from the company and has misused the legal process by dressing up the petition as an oppression case. They contended that the petitioner's monetary claims cannot be the subject matter of this petition and that as the only other director, he is seeking to create a deadlock by demanding concurrence for every board decision. Regarding the related party transactions, the respondents asserted these were made with the petitioner's approval, which he cannot now resent.

The Tribunal observed that in oppression and mismanagement matters, it must ensure the company's functions and health are not jeopardized. It noted that the petitioner cannot claim to be an investor of the company, and therefore the pre-condition of Reserve Matters in the Articles of Association would not prima facie apply to him.

Final Outcome

The Tribunal directed Kofluence Tech Pvt Ltd to provide all records, documents, and data to the petitioner as per his legal entitlement as a Director and Shareholder of the company. This direction was issued taking into account the facts and circumstances on record, and the respondents' counsel had already conveyed consent to this extent. Notice of the petition is to be sent to other respondents, who must file objections within three weeks of being served. The matter is listed for next hearing on November 19, 2026.

Topics: Corporate Governance, Legal Proceedings