Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 06-07-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench, comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri, heard Company Petition No. 49/241/HDB/2026. The petition was filed by M/s. Sidhi Square Pvt Ltd., represented by its Director Mr. Mittanosula Mahesh Babu, under Sections 241, 242, and 244 read with Section 166 and other applicable provisions of the Companies Act, 2013. These sections pertain to oppression and mismanagement in a company.
The respondents in the matter are Mr. Madala Srinivasu (described as the Successful Bidder & Party to the MoU for Financial Assistance), Ms. Madala Anithaa, and M/s. Agata Energy Infrastructure Ltd. The nature of the dispute, while not detailed in this procedural order, involves allegations that would typically fall under oppression of members or mismanagement of the company's affairs.
Final Outcome
The bench issued a procedural order adjourning the matter. Counsel for the respondents accepted notice. The respondents were directed to file their vakalat (authorization for counsel) and counter-affidavit within four weeks from the order date. The petitioner is permitted to file a rejoinder, if any, within two weeks after receiving the counter. The next hearing in the matter is scheduled for 10 September 2026.
Topics: NCLT Proceedings, Corporate Dispute, Oppression and Mismanagement