Authority: National Company Law Tribunal Kochi Bench (Shri Vinay Goel, Member Judicial and Shri Ravichandran Ramasamy, Member Technical)
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kochi Bench heard multiple applications in the ongoing company petition TCP/21/KOB/2019 filed under Sections 241-242 of the Companies Act, 2013. The main petition involves Alexander Correya and two others versus The Bhagyodayam Company and nine others.
The specific application IA(C/ACT)/121/KOB/2024 was filed with prayers to: (i) approve a compliance report filed by the applicant and have the newly elected Board appoint a director to represent the company in pending matters before the Tribunal; (ii) direct the registry to substitute the name of the proposed person to represent the company; and (iii) pass such other orders as deemed fit.
During the hearing, learned counsel Mr. M A Shaji appearing virtually on behalf of the applicant submitted that due to subsequent events, he did not wish to press this application further.
The Tribunal also addressed 46 miscellaneous applications (MA series from MA(C/ACT)/12/KOB/2022 to MA(C/ACT)/11/KOB/2022 and several IA applications) connected to the main petition TCP/21/KOB/2019. Counsel for the applicants undertook to submit a list of similar batch cases for effective and expeditious adjudication by segregating them from other cases with distinct reliefs and causes of action.
Final Outcome
The Tribunal dismissed IA(C/ACT)/121/KOB/2024 as infructuous since the applicant did not wish to continue with the application. All other miscellaneous applications (46 cases) along with the main petition TCP/21/KOB/2019 were adjourned to June 25, 2026 for further hearing.
Topics: NCLT Proceedings, Corporate Dispute