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NATIONAL COMPANY LAW TRIBUNAL
(Retd.) T. Krishnavalli, Shri Manoj Kumar Dubey, JJ
Tahera Iqbal – Appellant
Versus
M/s. Vikram Structures Pvt. Ltd. – Respondent
| Table of Content |
|---|
| 1. petitioners allege fraudulent sales by respondents. (Para 1 , 2 , 3 , 4 , 5 , 6) |
| 2. multiple occurrences of fraud due to non-existent properties sold. (Para 7 , 8 , 9 , 10 , 11 , 12) |
| 3. court finds allegations of fraud are severe and necessitate investigation. (Para 13 , 14 , 15) |
| 4. investigation under section 213 of companies act allowed despite liquidation. (Para 17 , 18 , 19) |
ORDER
PER: BENCH
1. This Petition has been filed by Seven Petitioners on 06.12.2021 under Sections 213 and 221 of the Companies Act, 2013 r/w Rules 11 and 74 of the National Company Law Tribunal Rules, 2016 seeking a direction for investigation into the affairs of the Company, namely, M/s. Vikram Structures Pvt. Ltd. and those of the related parties.
2. Brief facts of the case as stated by the Petitioners are as under:
(1) On 29.09.2008 M/s. Vikram Structures Pvt. Ltd. was incorporated as a private company limited by shares by Mr. Vikram Prabhakar and his wife Mrs. Asihwarya Gummanreddy Byrareddy.
(2) During the year 2013, the Company entered into an arrangement with owners of a parcel of land measuring 41,702.873 Sq. ft. at Municipal Khatha No.71/650/B, Hebbal, Bengaluru – 560024 (hereinafter ref
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