S.No.2

IN THE NATIONAL COMPANY LAW TRIBUNAL

HYDERABAD BENCH – 1

VC AND PHYSCIAL (HYBRID) MODE

ATTENDANCE CUM ORDER SHEET OF THE HEARING HELD ON

08-08-2024 AT 10:30 AM

CP No. 61/241/HDB/2021

AND

IA(CA) 136/2023 in CP No. 61/241/HDB/2021

u/s. 241 of Companies Act, 2013

IN THE MATTER OF:

Buchi Babu Adagadda …Petitioner

AND

Vrinda Technologies Pvt Ltd …Respondent

C O R A M:-

DR. VENKATA RAMAKRISHNA BADARINATH NANDULA, HON’BLE MEMBER (JUDICIAL)

SH. CHARAN SINGH, HON’BLE MEMBER (TECHNICAL)

O R D E R

CP No. 61/241/HDB/2021

Orders pronounced. In the result, this company petition is dismissed. No costs.

IA(CA) 136/2023

As the main company petition is dismissed, this application becomes

infructuous.

Sd/- Sd/-

MEMBER (T) MEMBER (J)

Swapna

IN THE NATIONAL COMPANY LAW TRIBUNAL HYDERABAD BENCH - I, HYDERABAD Under Section 241 and 213 of The Companies Act, 2013 BETWEEN:

1. Buchi Babu Addagada S.o, Venkateshwarlu, Aged 59 years, R/o. Plot 100, Green Avenues, Opp to Bhavay’s Anandam, Nizampet, Hyderabad, Telangana – 500090.

2. Tejarsha Addagada, S/o. Buchi Babu, Aged 26 years, R/o. Plot 100, Green Avenues, Opp to Bhavay’s Anandam, Nizampet, Hyderabad, Telangana – 500090.

…Petitioners AND

1. M/s. Vrinda Technologies Private Limited, Regd. Office at #2-22-261/2, Fourth Floor, A.S. Raju Nagar, Kukatpally, Hyderabad – 500072

2. Venkata Siva Rama Raju Bhupathiraju, S/o. Appala Raju, R/o. D.No. 4-5-32/56, 1^st Line, Vidhya Nagar, Guntur, A.P. – 522007

3. Bhupathiraju Appala Narasimha Raju, S/o. Venkata Siva Rama Raju, R/o. D.No. 4-5-32/56, 1^st Line, Vidhya Nagar, Guntur, A.P. – 522007

4. Sujana Baru D/o. L N R Vummethala, Aged 50 years, R/o. 221/B, S R Nagar, Ameerpet, Hyderabad, Telanagana – 500038.

…Respondents Date of Order: 08.08.2024 Coram:

DR. VENKATA RAMAKRISHNA BADARINATH NANDULA HON’BLE MEMBER (JUDICIAL)

SHRI CHARAN SINGH, HON’BLE MEMBER (TECHNICAL)

Parties/Counsels present:

For Applicant : Mr. Kalyan Chakravarthy, Counsel For Respondent : Mr. Y. Suryanarayana, Counsel PER BENCH

ORDER

1. This is a Petition filed by the Petitioners under Section 241 and 213 of ‘The Companies Act, 2013’ (hereinafter referred as ‘The Act’) seeking the following reliefs:

1. To pass an order declaring that the respondent nos. 2 to 4 are guilty of several acts of oppression and mismanagement of the Respondent no. 1 Company.

2. To Pass an order or direction for regulating the conduct of the business of the respondent no. 1 in future.

3. Pass an order directing the central government to conduct an investigation into the affairs of the respondent no. 1 company and initiate criminal prosecution against the respondents 2 to 4 for the fraudulent and unlawful acts committed by them to the affairs of the respondent company.

2. The Respondent No.1 ‘M/s. Vrinda Technologies Private Limited’

(hereinafter referred as ‘Respondent Company’) was incorporated by the Promoter-Directors Mr. A Maruthi and Ms. J Anuradha on 12.04.2001 under the provisions of The Companies Act, 1956 vide CIN: U72200TG2001PTC036561. The objectives of the Respondent Company are to carry on the business of designing, developing, manufacturing and software development of electronics equipment for defense and industrial automation. The authorized share capital of Respondent Company is Rs.2,00,00,000/- (Rupees Two Crores Only) divided into 20,00,000 equity shares of Rs.10/- each. The issued and paid-up share capital of the Respondent Company is Rs.1,86,00,000/-.

3. The Petitioner No.1 joined the Respondent Company as a Director in the year 2003 and later became the Managing Director, whereas Respondent No.2 and Respondent No.3 joined on 02.04.2012, Respondent No.4 on

30.06.2020 as Directors of the Respondent Company.

Case of the Petitioners

4. It was submitted that Petitioner No.1 and Petitioner No.2 holds 16.33% and

8.17% of equity shares of the Respondent Company respectively. It was submitted that Petitioner No.1 was removed as Managing Director in the year 2015 and the Petitioner No.1 resigned as the Director of the Respondent Company on 15.04.2019.