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NATIONAL COMPANY LAW TRIBUNAL
Rajeev Bhardwaj, Judicial Member, Sanjay Puri, Technical Member
B Venkateshwara Rao & others – Appellant
Versus
X Caliber Knives Pvt Ltd & 9 others – Respondent
| Table of Content |
|---|
| 1. company financial distress leading to management takeover. (Para 3 , 4 , 6 , 8 , 10 , 11) |
| 2. share management and director appointments triggered by financial issues. (Para 13 , 14 , 15 , 16 , 23 , 24 , 26) |
| 3. allegations of illegal share transfers and violations of statutory provisions. (Para 19 , 21 , 22 , 28 , 29 , 30) |
CP No.16/2008 TP No.16/HDB/2016 U/s 397/398 of Companies Act IN THE MATTER OF:
B Venkateshwara Rao & others …Petitioner AND X Caliber Knives Pvt Ltd & 9 others …Respondent C O R A M:-
SHRI. RAJEEV BHARDWAJ, HON’BLE MEMBER (JUDICIAL)
SHRI. SANJAY PURI, HON’BLE MEMBER (TECHNICAL)
O R D E R CP No.16/2008 TP No.16/HDB/2016 Orders pronounced, recorded vide separate sheets. In the result, CP No.16/2008 TP No.16/HDB/2016 is dismissed.
Sd/- Sd/-
MEMBER (T) MEMBER (J)
Vamsi IN THE NATIONAL COMPANY LAW TRIBUNAL HYDERABAD BENCH-II CP. No. 16 of 2008 T.P No.16/HDB/2016 (Under Section 399 read with Sections 397 & 398 of the Companies Act, 1956 / Corresponding provisions of the Companies Act , 2013)
IN THE MATTER OF X-CALIBRE KNIVES PRIVATE LIMITED BETWEEN:
1. Late B. Venkateswara Rao (Since Deceased)
Rep. by his Legal Representatives
2. B. Prasad, R/o H.No. 6-3-354/8/
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