Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: October 9, 2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench, comprising Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Radhakrishna Sreepada, has issued a procedural order in matter IA (IBC) 1041/2026 and 1042/2026 connected to CP(IB) No. 119/BB/2021. The petition involves Mr. Sethuraman Mahadevan and 183 other petitioners versus M/s Ozone Urbana Infra Developers Pvt Ltd as the respondent. The petition has been filed under Section 59 of the Companies Act, 2013. Counsel Adv. Declyn Gomes appeared for the applicants in the interim applications (IA 1041 and 1042).
Final Outcome
The bench ordered that both interim applications be listed along with the main petition for the next hearing on October 13, 2026. This is a scheduling order that advances the procedural timeline of the case without making any substantive determinations on the merits of the petition.
Topics: NCLT Proceedings, Company Petition, Scheduling Order