Authority: National Company Law Tribunal (NCLT), Kochi Bench
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Kochi Bench, comprising Shri Vinay Goel (Member Judicial) and Shri Ravichandran Ramasamy (Member Technical), heard multiple Interlocutory Applications (IAs) connected to the main company petition CP/40/KOB/2020. The main petition is filed by Preetha Radhakrishnan against C K Vijayan and five others under Sections 241-242 of the Companies Act, 2013, pertaining to allegations of oppression and mismanagement. The petition also involves a memo filed by an independent auditor to withdraw an audit assignment. A special officer has been appointed by the NCLT for M/s. Lokanta Hotels and Resorts Private Limited. Notices were sent to the respondents as per the postal tracking report.
Final Outcome
The tribunal adjourned all pending applications and the main petition to 02 July 2026. The adjournment was granted awaiting a Reply Affidavit from Respondent 1 (R1) and the appearance on behalf of Respondent 2 (R2). During the hearing, Ld. Counsel Mr. Bijoy P Pulipra appeared for the applicant/special officer, Learned Counsel Ms. Akshaya appeared virtually for R1, R2, and R4, and Ld. Counsel Mr. Sajie Shankar appeared physically for R3. No one appeared for the Petitioner.
Topics: NCLT Proceedings, Corporate Dispute, Adjournment