Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 11 June 2026
Case Overview
This order sheet details the proceedings of a hearing held on 11 June 2026 concerning Company Petition No. 06/241/HDB/2024, filed under Section 241 of the Companies Act. The petition is in the matter of Krishnam Raju Kalidindi (Petitioner) versus Krisani Bio Sciences Pvt Ltd (Respondent). The bench was comprised of Shri. Rajeev Bhardwaj, Member (Judicial) and Shri. Sanjay Puri, Member (Technical).
For the main Company Petition (06/241/2024), arguments were heard. The bench reserved its orders. Both parties were granted liberty to file written synopses, not exceeding three pages, within one week. The synopses must be duly signed by both parties or their counsels.
Two Interlocutory Applications (IAs) were also heard. IA (CA)/176/2024 was dismissed as withdrawn upon the request of the applicant's counsel. For IA (CA)/50/2024, arguments were heard and the matter was reserved for orders. The same liberty to file a three-page synopsis within one week was granted for this application.
Final Outcome
The final orders on the main Company Petition and on IA (CA)/50/2024 have been reserved by the NCLT Bench. IA (CA)/176/2024 stands dismissed as withdrawn. The proceedings are ongoing, pending the filing of written synopses by the parties and the subsequent issuance of the reserved orders by the tribunal.
Topics: NCLT, Corporate Dispute, Section 241