Authority: National Company Law Tribunal (NCLT), Hyderabad Bench – 1
Order Date: 18-06-2026
Case Overview
This order pertains to a hearing in the matter of Rst CP (Companies Act) No. 2/HDB/2024 and two associated Interim Applications (IA Nos. 369 & 370/2024). The petition was filed under Section 59 of the Companies Act, 2013. The petitioner is Mr. Devadas Gaddam. The respondents are Hyderabad Hi-Tech Textile Pvt Ltd and 12 other parties. The bench was composed of Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. The petitioner was represented by Proxy Counsel Ms. Chandana S, and respondents No.1 to 3 & 5 were represented by Proxy Counsel Mr. Sarath Saran.
Final Outcome
The main petition (Rst CP (Companies Act) No. 2/HDB/2024) was adjourned to 03.09.2026 at the request of both parties. For the interim applications (IA Nos. 369 & 370/2024), the Tribunal directed that a counter must be filed within four weeks. A rejoinder, if any, is to be filed within two weeks after the counter is submitted. The matter for the interim applications was also adjourned to 03.09.2026.
Topics: Legal Proceedings, Corporate Law