Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 11-06-2026
Case Overview
The matter involves Company Petition No. 67/241/HDB/2023 filed under Section 241 of the Companies Act, 2013, which pertains to provisions concerning oppression and mismanagement in companies. The petitioner is Ms. Saritha Chandrasekhar Cordier. The respondents are M/s. Prosol Chemicals Private Limited (Respondent 1), Mr. P C Saketh Ram (Respondent 2), Mr. Barbara Ann Saketh (Respondent 3), and the Registrar of Companies, Hyderabad (Respondent 4). The petition alleges acts of oppression against the company and its members. An Interim Application, IA(CA) 38/2026, has also been filed in the main petition.
The hearing was conducted in a hybrid mode (VC and Physical) before a bench comprising Sh. Rajeev Bhardwaj, Hon'ble Member (Judicial) and Sh. Sanjay Puri, Hon'ble Member (Technical). For the main company petition, learned counsel Ms. D Rinda appeared for the petitioner, and Dr. SV Rama Krishna appeared for Respondents 1 to 3. For the interim application, Ms. D Rinda appeared as learned counsel for the applicant, and Dr. SV Ramakrishna appeared for the respondent.
Final Outcome
The hearing for the main company petition (CP No. 67/241/HDB/2023) was adjourned to September 10, 2026. For the interim application (IA(CA) 38/2026), the tribunal noted that a counter had already been filed by the respondent. The petitioner was given two weeks to file a rejoinder, if any. The matter was also adjourned to September 10, 2026, for further hearing.
Topics: Corporate Governance, Legal Proceedings