Authority: National Company Law Tribunal, Amaravati Bench
Order Date: 09.07.2026
Case Overview
This order pertains to Company Petition CP/14/241/AMR/2024 and two Interlocutory Applications (IA (Companies Act)/17/2025 and IA (Companies Act)/18/2025). The petition was filed by Smt. Penmatsa Peddi Laxmi Alias Peddintlamma and Others against Sri Vyjayanthi Labs Pvt Ltd and Four Others under Sections 59, 241, 242, and 244 of the Companies Act, 2013, and Rules 11 and 32 of the NCLT Rules, 2016. The tribunal observed that the respondents had not yet complied with its previous order dated 21.08.2025. During the hearing, a proxy counsel appearing for the respondents' counsel, Mr. Bharat Reddy, informed the bench that the counsel on record was ill and had provided a consent Vakalat. The proxy counsel requested a two-week adjournment to allow for the engagement of new counsel to argue the matter on the next date.
Final Outcome
The bench, comprising Member (Judicial) Shri Kishore Vemulapalli and Member (Technical) Shri Umesh Kumar Shukla, granted the requested time and adjourned the matter. The case is now listed for the next hearing on 06.08.2026.
Topics: Corporate Law, Tribunal Proceedings