Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard Petition No. CP/67(CHE)/2023 filed by Praveen Raja against Paysharp Pvt Ltd & Others. The petition was filed under Sections 213, 219, and 221 of the Companies Act, 2013, which pertain to provisions concerning oppression and mismanagement in companies. The hearing was conducted through video conference before a bench consisting of Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical).
Representation included Mr. Karthik Seshadri for the petitioner Praveen Raja, Mr. B. Dhanaraj for Respondent 1 (Paysharp Pvt Ltd) on the instructions of Respondent 2, and Mr. Avinash Krishnan Ravi representing the Registrar of Companies (RoC). The counsels presented part arguments and provided a brief summary of facts during the hearing.
Final Outcome
The NCLT adjourned the matter and listed the petition for detailed arguments on 05 August 2026. No substantive decision was made on the merits of the oppression allegations during this hearing.
Topics: NCLT Proceedings, Company Oppression, Legal Adjournment