IN THE NATIONAL COMPANY LAW TRIBUNAL

AHMEDABAD

DIVISION BENCH

COURT - I

ITEM No.301

Comp.Appl/5(AHM)2024

in

CP/5(AHM)2022

Order under Section Application For Directions

IN THE MATTER OF:

SIDDARTH BHANDARI & Ors. ........Applicant

Vs

ELECTROTHERM (INDIA) LIMITED & Ors. ........Respondent

Order delivered on 19/03/2024

Coram:

Mr. Shammi Khan, Hon’ble Member(J) Mr. Sameer Kakar, Hon,ble Member(T)

PRESENT:

For the Applicant : For the Respondent :

ORDER

The case is fixed for pronouncement of order. The order is pronounced in open

Court, vide separate sheet.

-sd- -sd-

SAMEER KAKAR SHAMMI KHAN

MEMBER (TECHNICAL) MEMBER (JUDICIAL)

NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH-I, AHMEDABAD Company Application No. 05 of 2024 Company Petition No.05 of 2022 [In the matter of Section 241, 242 of the Companies Act, 2013 and Rule

11 and Rule 81 of the National Company Law Tribunal Rules, 2016]

1. Mr. Siddarth Bhandari, Residing at Bhandari Farmhouse, Bopal- Ambli Road, Village Dascroi, Ahmedabad – 380057, Gujarat & Ors.

2. Mr. Mukesh Bhandari Residing at Bhandari Farmhouse, Bopal- Ambli Road, Village Dascroi, Ahmedabad – 380057, Gujarat & Ors.

3. Dr. Rakesh Bhandari Residing at Bhandari Farmhouse, Bopal- Ambli Road, Village Dascroi, Ahmedabad – 380057, Gujarat & Ors.

… Applicants ( Original Petitioners)

Versus

1. Electrotherm (India) Limited Having CIN: L29249GJ1986PLC009126 A-1 Skylark Apartmenet, Satellite Road, Satellite, Ahmedabad – 380015 Email: sec@electrotherin.com & Ors.

2 Mr Shailesh Bhandari A-1, Skylark Apartment, Satellite Road. Satellite Ahmedabad - 380 015 Email: shailesh. bhandari@electrotherm.com

3. Mr Suraj Shailesh Bhandari A-1, Skylark Apartment, Satellite Road, Satellite Ahmedabad - 380 015 Email: Suraj.Bhandari@electrotherm.com

4. Jagdishkumar Amrutlal Akhani Company Secretary, A-502, Sarthak Towers, Near Iscon Cross Road, Satellite Road, Satellite Ahmedabad - 380 015

5. Nagesh Bhandari Director Western India Specialty Hospital A-I, Skylark Apartment, Satellite Road, Satellite Ahmedabad – 380 015

6. Western India Speciality Hospitals Limited A-1, Skylark Apartment, Satellite Road, Satellite Ahmedabad – 380 015

7. Kirtan Corporate Services Private Limited II-201, Everest Empire NearAstha Home Sola, Ahmedabad G 380060

8. Indus Elec Trans Pvt. ltd.

A-1, Skylark Apartment, Satellite Road, Opp. Bima Nagar Satellite, Ahmedabad - 380 015 Email: mca2 L@electrotherm.com

9. Logix Infosoft PvtLtd.

E-9, Panchsheel Park, New Delhi - 110017

10. Ashok R. Bhandari Abhipushpa Bangalow, Jaindrapark Co-operative Housing Society, Thaltej, Ahmedabad- 380054, 11. Castle shine Pte Limited

7500A, Beach Rd, 08-313, The Plaza Singapore 199591

12. Lead haven Pte Limited:

05-06, Kentish Green, 20, Oxford Rd .

Singapore 218815

13. Fagesh Kumar Soni, Company Secretary Electrotherm (India) Limited.

A-1, Skylark Apartment, Satellite Road, Satellite Ahmedabad -380015.

Email: sec@electrotherm.com

14. E-Motion Power Pvt Ltd A-I, Skylark Apartment, Satellite Road, Opp. Bima Nagar Satellite Ahmedabad - 380 015

15. Jayshree Petro-Yarn Pvt Ltd A-1, Skylark Apartment, Satellite Road, Opp. Bima Nagar Satellite Ahmedabad - 380 015.

16. Dinesh Mukati

101-A, Paramount Residency, 168, Sunrise Park, Vastrapur, Ahmedabad-380015 Email: Dmukati@Cdmglobal.In

17. NiveditaSharda B-34, Nulite Colony, Tonk Road, Jaipur-302018 Email: Srnivedita@Gmail.Com

18. Pratap Mohan C-30, Samatva, Club 07 Road, Shela, TalukaSanand, Ahmedabad -380058

19. Register of Companies Gujarat RoC Bhavan, Opp. Rupal Park –

Near Ankur Bus Stand, Naranpura Ahmedabad -380 013

20. Securities & Exchange Board of India Ground Floor, SAK ARI, Near Gandhi Gram Station - Opp. Nehru Bridge, Ashram Road Ahmedabad, Gujarat 38009 … Respondents Order pronounced on: 19.03.2024 CORAM:

SH. SHAMMI KHAN, MEMBER (JUDICIAL)

SH. SAMEER KAKAR, MEMBER (TECHNICAL)

For Applicant : Mr. Pavan Godiawala, Advocate For the Respondent : Mr. Saurabh Soparkar, Sr. Advocate : Mr. Navin Pahwa, Sr. Advocate : Mr. Ravi Pahwa, Advocate : Mr. Jaimin Dave, Advocate : Ms. Hirva Dave, Advocate

O R D