Case Details

Case Name: Ashok Kumar Mandhani vs. MBG Commodities Pvt Ltd & 7 others

Court/Authority: National Company Law Tribunal (NCLT), Hyderabad Bench – II

Case Number: Company Petition /32/241/HDB/2025

Petition Filed Under: Section 241 of the Companies Act, 2013

Date of Hearing: 20th May 2026

Parties Involved

Petitioner: Ashok Kumar Mandhani

Represented by: Mr. Vikram Pooserla, Senior Counsel along with Mr. Krishna Vennelakanti, Mr. Anand Raj, and Ms. Siva Praneetha

Respondents: MBG Commodities Pvt Ltd & 7 others (Respondents 1 to 8)

Represented by:

  • Respondents No.1 & 2: Mr. S. Ravi, Senior Counsel
  • Respondent No. 3: Mr. Rohan Aloor, Counsel
  • Respondent No.4: Ms. Neha, Counsel (for some IAs); Mr. Pushyam Kiran, Counsel (for other IAs)
  • Respondents No.5 and 6: Mr. Chinmoy Pradip Sharma, Senior Counsel
  • Respondents No.7&8: None appeared

Interim Applications Heard

The hearing involved arguments on multiple Interim Applications (IAs):

  • IA(CA)/304/2025
  • IA(CA)/305/2025
  • IA(CA)/306/2025
  • IA(CA)/307/2025
  • IA(CA)/308/2025
  • IA(CA)/313/2025
  • IA(CA)/208/2025
  • IA(CA)/209/2025
  • IA(CA)/210/2025
  • IA(CA)/211/2025
  • IA(CA)/258/2025
  • IA(CA)/314/2025
  • IA(CA)/74/2026

Proceedings & Orders

  • Written submissions had already been filed by the Petitioner for the main Company Petition and several IAs.
  • The Counsel for Respondents No. 5 & 6 requested and was granted two days to file their written submissions.
  • The main Company Petition and all the listed IAs (except IA(CA)/74/2026) were reserved for orders by the bench, comprising Shri. Rajeev Bhardwaj (Member Judicial) and Shri. Sanjay Puri (Member Technical).
  • For IA(CA)/74/2026, the interim order previously granted was directed to be continued until the final disposal of the main Company Petition. This IA was ordered to be tagged with the main CP.

Final Ruling & Enforcement

The matters have been reserved for orders. No final ruling, penalties, or directions have been issued at this stage. The tribunal will pronounce its orders on the main petition and the interim applications at a future date.