Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition No. 22/241/HDB/2021 filed under Section 241 of the Companies Act, 2013. The petition involves Omnicare Drugs India Pvt Ltd as the Petitioner against Therapiva Pvt Ltd & Others as Respondents. The matter concerns allegations of oppression and mismanagement in the affairs of the company.
During the hearing held on 29 June 2026, the bench comprising Shri Rajeev Bhardwaj (Member Judicial) and Shri Sanjay Puri (Member Technical) noted that two previous orders are relevant to deciding the matter but are not on record: MA No.5/2021 dated 13.05.2021 and clarificatory orders dated 04.06.2021 in IA No.21/2021. The tribunal directed the registry to place these orders on record before the next date of hearing.
Final Outcome
The matter has been adjourned to 03 September 2026 for further hearing. No substantive decision was made on the merits of the oppression and mismanagement petition during this hearing.
Topics: NCLT Proceedings, Company Law, Corporate Disputes