Authority: National Company Law Tribunal Kochi Bench (Shri Vinay Goel, Hon'ble Member (Judicial) and Shri Ravichandran Ramasamy, Hon'ble Member (Technical))
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Kochi Bench is hearing petition number CP/72/KOB/2019 filed under Sections 213, 241, and 242 of the Companies Act. The petition involves T R Venugopal & Another as petitioners versus Elite Tasty Toasts Pvt Ltd and 14 others as respondents, indicating a case concerning potential oppression and mismanagement in the company's affairs.
Multiple legal representatives appeared for different parties: Vijay V Paul and Gokul Krishnan R. represented the petitioners virtually. For the respondents, Senior Counsel Mr. Sankaranarayanan appeared physically for R1, R6, and R7; Senior Counsel Mr. Sandeep Singhi also appeared physically for the same respondents; Senior Counsel Mr. S. R. Rajagopal appeared virtually for R3 to R5; and Senior Counsel Mr. Parthasarathy appeared physically for R9 to R15. These senior counsels were assisted by several junior counsels: Mr. P. Giridharan, Mr. H. Sidharth, Ms. Arshi F., Mr. Adithya S, and Ms. Binisha Baby.
During the hearing on 13 July 2026, Senior Counsel Mr. Sankaranarayanan concluded his arguments on behalf of respondents R1, R6, and R7.
Final Outcome
The matter has been adjourned and listed for the next hearing on 14 July 2026 for the remaining arguments to be presented. No final decision or ruling has been issued in this order.
Topics: Corporate Governance, Legal Proceedings