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NATIONAL COMPANY LAW TRIBUNAL
SHRI. RAJEEV BHARDWAJ, J, SHRI. SANJAY PURI, T
Mr. Chekuri Sekhar – Appellant
Versus
M/s Kinnera Cold Storage Private Limited – Respondent
| Table of Content |
|---|
| 1. oppression and mismanagement petition details. (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10) |
| 2. subsequent actions and alleged wrongful acts. (Para 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20) |
| 3. respondent's defense against allegations. (Para 21 , 22 , 23 , 24 , 25 , 26) |
| 4. counterarguments to petitioners' claims. (Para 27 , 28 , 29 , 30 , 31 , 32) |
| 5. chronology of events leading to disputes. (Para 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42) |
| 6. court's reasoning on statutory provisions and case law. (Para 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50 , 51 , 52 , 53 , 54 , 55 , 56 , 57) |
ORDER
I. The Petitioners, Mr.Chekuri Sekhar and Mrs Chekuri Sujatha, (hereinafter referred as Petitioner No.1 and Petitioner No.2, respectively) who are Ex. Directors having11.25% and 20% shares, respectively in M/s Kinnera Cold Storage Private Limited (hereinafter called as Company), by filing the present petition have sought the intervention of this Authority to prevent oppression and mismanagement of the Company at the behest of its Directors and majority Share Holders i.e., Respondent No. 2 to 7.
II. Petitioner’s Case:
1. The Company/Respondent No.1 was incorporated on 20.05.1998 with
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