Authority: National Company Law Tribunal (NCLT), Kochi Bench
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Kochi Bench, comprising Shri Vinay Goel (Member Judicial) and Shri Ravichandran Ramasamy (Member Technical), heard matters related to Company Petition No. CP(C/ACT)/14/KOB/2023. The petition was filed under Sections 241-242 of the Companies Act, 2013, by Sivaraman against Punarjani Securities Ltd and five other respondents, alleging oppression and mismanagement. The hearing involved appearances from legal representatives of all parties. The petitioner was represented by PP Zibi Jose PCS and Rajeev Prakash. The respondents were represented by M/S Ravi Law Chambers, S John Major, Deepak Ashok Kumar, Madhu Radhakrishnan, and B Dhanaraj.
Final Outcome
The Tribunal adjourned the main company petition (CP(C/ACT)/14/KOB/2023) to 20 July 2026. Five interlocutory applications (IAs) filed in the main petition were also adjourned to the same date: 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. No substantive orders were passed, and the matter was scheduled for a future hearing.
Topics: NCLT Proceedings, Corporate Disputes