CP(C/Act)/09/KOB/2023

(Under Rule 32 read with Rule 11 of NCLT Rules, 2016)

In the matter of:

M/s. JRT Rock Products Private Limited.

Memo of Parties:

Mr. Jose Thomas, Vattukulam House, CMC No. 26., Near Huts Hotel, Cherthala,

Alappuzha, Kerala- 688 524.

… Applicant.

-Versus-

1. M/s. JRT Rock Products Private Limited,

89MV+PC9, Chettikulam P.O., Kodassery, Chalakudy, Kerala 680 721 represented by its Managing Director. Email: -

jrtrockproducts@yahoo.in.

2. Mr. Joseph Mattam, Mattathil House,

Chettikulam P.O., Kodasseri, Chalakkudy, Kerala Pin 680 721. Email: -

jrtrockproducts@yahoo.in.

3. Mr. Sebastian Mattam, VRRA-1, Mattathil

House, Near Vettukadavu Bridge, Via Market Road, Chalakkudy, Kerala- 680

307.Email: - jrtrockproducts@yahoo.in.

4. Mrs. Rosemol Zacharias, Mattathil House,

Chettikulam P.O., Kodasseri, Chalakkudy, Kerala Pin 680 721.Email: -

jrtrockproducts@yahoo.in.

CP(C/Act)/09/KOB/2023 In re: M/s. JRT Rock Products Private Limited.

5. Mrs. Tessy Sebastian, VRRA-1, Mattathil House, Near Vettukadavu Bridge, Via Market Road, Chalakudy, Kerala Pin 680

307.Email: - jrtrockproducts@yahoo.in.

6. Mr. Poul Abraham, Thadikkaran House, Kalady, Mattoor, Ernakulam, Kerala- 683

574.

7. Mattathil Mines and Developers represented by its Managing Director 4/505-A, Chettikulam, Chalakudy, Thrissur

680 721. Email: -

mattathilminesanddevelopers@yahoo.com – .

8. Tata Capital, 1st Floor, Centennial Square, Dr. Ambedkar Road, KG NTR Heritage, Murugesan Nagar, Kodambakkam, Chennai Tamil Nadu- 600 024. Email: -

customercare@tatacapital.com.

9. Mr. M. David George, Madapilly House Pukkatupady, Edathala (PO) Kochi- 683

561. Email: - vilamana99@gmail.com.

10. Mrs. Santha George Pukkatupady, Edathala (P.O.) Kochi 683 561. Email: -

vilamana99@gmail.com.

–

11. Mrs. Meenu Basil, Pukkatupady, Edathala (P.O.), Kochi- 683 561. Email: -

vilamana99@gmail.com.

12. Mr. Basil M. George, Pukkatupady, Edathala (P.O.), Kochi- 683 561. Email: -

vilamana99@gmail.com.

… Respondents.

CP(C/Act)/09/KOB/2023 In re: M/s. JRT Rock Products Private Limited.

Order delivered on: 21.02.2025 Coram:

Hon’ble Member (Judicial) : Shri. Jyoti Kumar Tripathi.

Hon’ble Member (Technical) : Shri. Ravichandran Ramasamy.

Appearances:

For the Applicants : Mr. P. Sanjay, Adv., For the Respondent Nos. 1 to 5 : Mr. Terry V. James, Adv., For the Respondent No. 7 : Mr. Akhil Suresh, Adv., For the Respondent No. 6, 9

10 to 12 : Mr. Sankar P. Panicker, Adv.

For Respondent No.8 : None appears.

ORDER

Per: Coram.

The present Interlocutory Application bearing No.

IA(C/Act)/216/KOB/2024 has been filed under Rule 32 read with Rule 11 of the NCLT Rules, 2016 by Mr. Jose Thomas (hereinafter Applicant M/s. JRT Rock Products Private Limited and 11 Others Respondents )

called “ ”) against Respondents seeking the following relief:

(hereinafter called “ ”

CP(C/Act)/09/KOB/2023 In re: M/s. JRT Rock Products Private Limited.

➢ To direct the Respondents 2 to 5 to produce the following documents: -

a. Copy of letter of Appointment of the Valuer. b. Copy of the report submitted by the Valuer.

c. Copies of bank account statements of all bank accounts of the 1^st Respondent company for the period from

01.04.2016 till date.

2. The Brief facts of the case are as follows: -

i. The Applicant herein is the Petitioner in CP(C/Act)/09/OB/2023 filed under Sections 241 and 242 challenging acts of oppression and mismanagement. The Applicant’s specific case is that the respondents misused the assets of the 1st Respondent Company for their financial benefit. On 13.09.2017 a new private company M/s. Mattathil Mines and Developers and Private Limited were registered discreetly by the Respondents in the same line of business as the 1st Respondent Company without the Applicant’s knowledge. The newly registered entity borrowed loans from the 8th Respondent using the assets of the 1st Respondent Company as collateral without informing the shareholders including the Applicant. The loans availed thus were used to settle the personal loans of the Respondents and purchased 10 acres of land in