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2023 Supreme(Online)(NCLT) 1682

NATIONAL COMPANY LAW TRIBUNAL
G RAVISHANKAR – Appellant
Versus
HYDERABAD POLLUTION CONTROLS LIMITED – Respondent


Advocates:
For the Petitioner:K RAJENDRAN

ORDER

1. This Petition is filed by the Petitioner under Section 97 of the Companies Act, 2013 read with Rule 74 of the National Company Tribunal Rules, 2016 prayed to permit the Applicant/Petitioner to amend the prayers 1 & 2 in Company Petition to:

a. Condone the delay (i) in conducting Annual General Meetings (ii) in filing the Financial Statements and the Annual Returns of/ by the Respondents Company for the Financial Years 2019-2020, 2020-2021.

b. Direct the Respondent Company to convene and conduct the Annual General Meeting, consider/adopt the Financial Statements for the Years 2019-2020, 2020-2021 and also file the Financial Statements and Annual Returns with the Registrar of Companies for the said financial years.

2. The averments put forth by the Applicant are:

2.1 It is averred that during the financial year beginning April, 2019 ending March, 2020 the Respondent Company had no commercial operations nor had any income from operations consequently, the Company went through severe financial crisis resulting in failure to make even payment of salary to staff and hence they left the Company.

2.2 It is stated that during the lock-down due to pandemic right from March, 2020 and durin

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