NCLT Grants AIC-AMTZ Time on Share Certificate

Authority: National Company Law Tribunal (NCLT), Amaravati Bench

Order Date: 09 July 2026

Case Overview

This is a proceeding under Section 59 of the Companies Act, 2013. The petitioners are AIC-AMTZ Medivalley Incubation Council & Anr., and the respondents are Bioweave Life Sciences Pvt Ltd & Anr. During the hearing, the counsel for the petitioners, Ms. Jyothi Ratna Anumolu, requested an adjournment. She sought two weeks to obtain instructions from her clients regarding whether the original share certificate pertinent to the case is in their possession.

Final Outcome

The bench, comprising Member (Judicial) Shri Kishore Vemulapalli and Member (Technical) Shri Umesh Kumar Shukla, granted the requested two-week adjournment. The matter has been listed next for hearing on 06 August 2026. No substantive ruling on the underlying dispute was made in this order.

Topics: NCLT Proceeding, Share Dispute, Corporate Law