Authority: National Company Law Tribunal, Hyderabad Bench - II

Order Date: 22 June 2026

Case Overview

The National Company Law Tribunal, Hyderabad Bench-II, comprising Shri Rajeev Bhardwaj (Member Judicial) and Shri Sanjay Puri (Member Technical), heard multiple interim applications in Company Petition No. CP/10/241/HDB/2025 filed under Section 241 of the Companies Act, 2013. The petition involves Mrs. Bhawan Gupta as the Petitioner and Pharmascroll Research and Consulting Pvt Ltd as the main Respondent, along with several other respondents.

The hearing addressed 11 separate interim applications: IA(CA) 61/2026, IA(CA) 62/2026, IA(CA)/13/2026, IA(CA)/96/2025, IA(CA)/83/2025, IA(CA)/101/2025, IA(CA)/102/2025, IA(CA)/103/2025, IA(CA)/157/2025, IA(IBC)/159/2025 and IA(CA)/298/2025.

For the main company petition (CP No.10/241/HDB/2025), the Tribunal heard arguments from Mr. Anish Agarwal and Mr. Chidambara Sastry representing the Petitioner, while Ms. Devangi (PCS) appeared for Respondents No. 2 to 5, Mr. M. Viswaraj for Respondent No. 6, and Mr. B. Nitish for Respondent No. 7.

In several applications (IA(CA)/61/2026 and IA(CA)/62/2026), the Tribunal noted that counters had been filed by Respondent No. 1 and that Respondents No. 2 to 4 were proforma parties aligned with the Applicants. The Tribunal observed that these respondents had failed to file their counters within the stipulated time, hence their right to file the same stood forfeited. The Tribunal also noted that while the Applicant in IA(CA)/62/2026 wanted to file a rejoinder, there was no new pleading in the counter that necessitated a rejoinder.

The common procedural outcome across all applications was that pleadings were declared complete and all matters were reserved for orders. The Tribunal granted liberty to all counsels to file written submissions within 10 days, with specific page limitations: 3 pages for the main company petition and 1 page for all interim applications.

Final Outcome

The Tribunal reserved all 11 interim applications and the main company petition for final orders. No substantive decisions on merits were rendered during this hearing. The final rulings on all applications and the main petition will be pronounced at a future date after considering the written submissions, if any, filed by the parties within the granted 10-day period.

Topics: NCLT Proceedings, Corporate Dispute, Interim Applications