IN THE NATIONAL COMPANY LAW TRIBUNAL, BENGALURU BENCH

[Through Physical hearing/VC Mode (Hybrid)]

ITEM No.71

CP No.72/BB/2022

IN THE MATTER OF:

Girish Jayantilal Porwal

Director of Siddmed E- Health Pvt Ltd … Petitioner

Vs

Siddmed Ehealth Pvt Ltd … Respondents

Petition under Section 241 of Companies Act 2013

Order delivered on: 29.10.2025

CORAM:

SHRI. SUNIL KUMAR AGGARWAL

HON’BLE MEMBER (JUDICIAL)

SHRI. RADHAKRISHNA SREEPADA

HON’BLE MEMBER (TECHNICAL)

PRESENT:

For the Petitioner : Mr. Kishandan

For Respondent : Ms. Teju

ORDER

1. Heard the Ld. Counsel for the parties.

2. C.P No.72/BB/2022 is dismissed by separate order. File be

consigned to records.

-Sd- -Sd-

RADHAKRISHNA SREEPADA SUNIL KUMAR AGGARWAL

MEMBER (TECHNICAL) MEMBER (JUDICIAL)

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IN THE NATIONAL COMPANY LAW TRIBUNAL BENGALURU BENCH (Hearing conducted through Hybrid mode)

C.P. No.72/BB/2022 Under Section 241-242 of the Companies Act, 2013 IN THE MATTER OF

1. Mr. Girish Jayantilal Porwal, Director of Siddmed E-Health Pvt. Ltd., R/w Plot No.45, 2^nd Main 10^th Cross, Sadashiv Nagar, Belgaum - 590001 --- Petitioner Versus

1. Siddmed EHealth Private Limited, CTS 10930, 10^th Cross, 2^nd Main, Sadashiv Nagar, Belgaum-590001 --- Respondent No.1

2. Mr. Vasant Prabhu Director of Siddmed E-Health Pvt. Ltd.

“Krishnanad” H. No. 185, 1^st Cross, Azam Nagar, Belgaum – 5900010 --- Respondent No.2 Order delivered on_29.10.2025 CORAM: 1. Shri Sunil Kumar Aggarwal, Hon’ble Member (Judicial)

2. Shri Radhakrishna Sreepada, Hon’ble Member (Technical)

PRESENT:

For Petitioner : Shri Gaurav Kumar For Respondent No.2: Shri Hemanth Rao

O R D E R

Per: RADHAKRISHNA SREEPADA, Member (Technical)

1. This Company Petition is filed on 25.01.2022 by Mr. Girish Jayantilal Porwal (hereinafter referred as “Petitioner”) under Section 241-242 of the Companies Act, 2013 against Siddmed EHealth Private Limited and another (hereinafter referred as “Respondents”) inter-alia seeking the following reliefs:

a. To direct Respondent No.2 to reimburse the total amount of Rs. 53,00,000 (Approx.) misappropriated without authorization of the Petitioner, back to the accounts of Respondent No.1 Company.

b. To direct the Respondent No. 1 and Respondent No. 2 to pay an amount of Rs.18.95 Lacs to the Petitioner for supply of medicines to Respondent No. 1 till date.

c. To direct an investigation into the conduct of the affairs of the Respondent No.1 pursuance of provisions of the Companies Act, 2013.

d. To declare that Respondent No. 2 as unfit to continue as director of the Company inview of his mismanagement in the affairs of the Company.

e. To restrain Respondent 2 from operating the bank accounts of the 1st Respondent Company.

f. To appoint an independent chartered accountant jointly with Statutory Auditor to go into the books of accounts of the company from the incorporation of the company and determine the quantum of wrongful gain made by the Respondent No. 2 and direct him to make good the losses thereby caused to the Company.

g. To pass such other further reliefs as this Hon’ble Tribunal may deem fit considering the facts and circumstances of the case.

INTERIM RELIEFS:

a) To direct the respondent No.1 and Respondent No.2 to allow statutory auditor to have access to books of accounts and other documents to further the audit process.

b) To direct the Respondent No. 2 not to carry activities through the entity INDIBUY owned by the Respondent No. 2 or any other entity directly or indirectly.

c) To direct respondents to return possession of the car, which is in the name of the Managing Director, SIDDMED EHEALTH PRIVATE LIMITED, bearing Reg. No. KA 22 MA 3095, registered on the 05th day of January 2017, model XUV 500, Manufacturer Mahindra and Mahindra Ltd, Chassis no. MA1YU2HHUG6A11932, Engine Number HHF4M18514 and the car be kept in the custody of any government authority.

d) To direct the Respondent No. 2 to deposit back the amount to the company’s account which were transferred to him, his relatives and close friends with 18% interest p.a and thereby make good the loss