JUDGEMENT

(Virtual Mode) [Per: Shreesha Merla, Member (Technical)] 1. Challenge in these Appeals TA No. 18/2021 and TA No. 114/2021 in Company Appeal (AT) No. 325/2019, and in Company Appeal (AT) No. 328/2019 respectively under Section 421 of the Companies Act, 2013 (hereinafter referred to as the ‘Act) is to the common Impugned Order dated 18/09/2019 in TCP No. 1/2016 (CP No. 94/1999) and TCP No. 88/2016 (CP No. 20/2012) passed by the National Company Law Tribunal, Chennai Bench, by which common Order, the NCLT has dismissed both the Company Petitions, as devoid of merit. 2. At the outset, a brief history of the various Orders and the reliefs prayed for are being detailed as hereunder for better understanding of the case. The Page 12 of 104 reliefs prayed for in Company Petition TCP No. 1/2016 filed by Mr. Shankar Sundaram against 26 Respondents seeking to implead another 21 Respondents, are detailed as hereunder: a) “Appointment of an independent Administrator to take charge of the affairs of the first respondent, Amalgamations Ltd.

This will be necessary to regulate the conduct of the first respondent and affairs in future as stipulated under Section 402 (a