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2024 Supreme(Online)(NCLT) 1728

NATIONAL COMPANY LAW TRIBUNAL
DR. VENKATA RAMAKRISHNA BADARINATH NANDULA, J, SH. CHARAN SINGH, T
Mr. Arun Kumar Kedia – Appellant
Versus
Om Shiv Shakti Iron Industries Private Limited – Respondent


Advocates:
For the Applicants: Shri S.Radha Krishna
For the Respondents: Sr.Counsel A.Venkatesh, Shri Hari Krishna, Mayur Mundra

Table of Content
1. initial filing and amendments regarding the petition. (Para 1 , 2)
2. issues surrounding the extraordinary general meetings. (Para 9 , 10 , 11 , 12)
3. illegal actions that are alleged by petitioners. (Para 14 , 15 , 16)
4. court’s dismissal of the claims, stating no evidence found. (Para 38 , 39)

ORDER

1. The petitioners, initially have filed the petition on 26.03.2009, under Sections 397 and 398 read with Sections 111 , 237, 402, 403 and Schedule XI and other Applicable provisions of the Companies Act , 1956, before the Company Law Board, Additional Principal Bench, Chennai, which was numbered as C.P. No.27 of 2009. Thereafter, Amended Petition was filed before the Company Law Board, Chennai with the same number, viz. C.P. No.27 of 2009, on 10.12.2010.

2. Consequent on abolition of the Company Law Board and establishment of the National Company Law Tribunal, the case has been transferred to this Tribunal and the petition got re-numbered as TP No. 37/HDB/2017. The prayers made in the Amended Petition dated 10.12.2010 are as under:

MAIN PRAYERS

“(a) Declare that the acts of the respondents 2 and 3 are prejudicial to the interest of the respondent no.1 Company and are op

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