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NATIONAL COMPANY LAW TRIBUNAL
Rajeev Bhardwaj, Sanjay Puri, JJ
Chegondi Venkata Tulasi – Appellant
Versus
B.S. Envi-Tech Pvt Ltd – Respondent
| Table of Content |
|---|
| 1. petitioner alleges mismanagement and diversion of funds. (Para 1 , 2 , 3 , 18) |
| 2. respondents contest allegations with evidence of operational compliance. (Para 5 , 6 , 10 , 16) |
| 3. exclusion from management needs proof of oppression to challenge legitimacy. (Para 14 , 28 , 29) |
| 4. insufficient evidence leads to dismissal of petition for relief. (Para 38 , 39) |
ORDER
1. The Petitioner submitted that the present application is filed by Ms. Chegondi Venkata Tulasi, Shareholder in M/S. B.S. Envi-Tech Private Limited (R1 Company) under Section 241 (1) and Section 242 (2) of the Companies Act, 2013 , read with Rule 9 of the NCLT Rules. The Petitioners seeks the following reliefs:
1.1. To restrain the Second and Third Respondents from alienating any of the assets of the First Respondent till the disposal of the present application.
1.2. To direct the Second and Third Respondent to cease and desist from committing or continuing to commit the acts of oppression and mismanagement qua the Petitioner as more particularly described in the application.
1.3. To order and direct the Second and Third Respondent to return or refund the undue gains made by their associated companies, namely
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