Authority: National Company Law Tribunal, Division Bench (Court–I) Chennai
Order Date: 15.06.2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard matters related to case TCP(CA)/25(CHE)/2016 between Mekuba Petroleum India Pvt Ltd (Applicant/P2) and Wynns Mekuba India Pvt Ltd (R2). The hearing addressed two applications: Rst.A(IBC)/5(CHE)2025 and IA(CA)/142(CHE)/2025.
Counsel for Applicant/P2, Mr. Jeevarathinam, submitted that the applicant could not access documents from the office of their erstwhile counsel, Mr. A.K.Mylsamy & Associates. Mr. Mylsamy was also not present in court to provide a statement on oath.
Counsel for Respondent R2, Mr. Niranjan S Rao, submitted that other petitioners in the matter had withdrawn from the petition through judicial process by filing an application. In response, counsel for P2 stated that these other petitioners had sold their shares to P2.
Final Outcome
The NCLT bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical) directed all petitioners to appear in person at the next hearing. The registry was directed to issue notices to all petitioners. Additionally, counsel for P2 was permitted to take the order dasti (by hand) and serve it on the other petitioners. The matter was listed for next hearing on 29.07.2026.
Topics: NCLT Proceedings, Share Transfer Dispute