Authority: National Company Law Tribunal (NCLT), Kochi Bench
Order Date: 16 June 2026
Case Overview
This order pertains to a petition (CP(C/ACT)/14/KOB/2023) filed under Sections 241-242 of the Companies Act by Sivaraman against Punarjani Securities Ltd and five other respondents. The matter involves a corporate dispute, though the specific nature of the allegations is not detailed in this procedural order. Five interlocutory applications (IAs) were also connected to this main petition: IA(C/ACT)/35/KOB/2026, IA(C/ACT)/71/KOB/2024, IA(C/ACT)/93/KOB/2024, IA(C/ACT)/16/KOB/2025, and IA(C/ACT)/4/KOB/2026.
During the hearing, the petitioner's authorized representative, Mr. P P Zibi Jose, and a proxy counsel for respondents R2, R3, R4, and R6, Mr. Jeswin Jacob, appeared virtually. Learned Counsel Mr. B Dhanaraj appeared for respondent R1 (Punarjani Securities Ltd), and Learned Senior Counsel Mr. Ravi appeared virtually for respondent R5. The petitioner's counsel had no objection to hearing the main petition and all IAs together. However, the proxy counsel for respondents R2 to R4 requested an adjournment on the grounds that their senior arguing counsel, Mr. P H Arvindh Pandian, was unavailable.
Final Outcome
The NCLT Kochi Bench, comprising Member (Judicial) Shri Vinay Goel and Member (Technical) Shri Ravichandran Ramasamy, granted the adjournment. The main company petition (CP) and all five connected interlocutory applications (IAs) have been adjourned to 29 June 2026 for the next hearing.
Topics: NCLT Proceedings, Corporate Dispute, Adjournment