NATIONAL COMPANY LAW TRIBUNAL
JAYASREE LAVANYA NOOKALA – Appellant
Versus
MIT APPARELS PRIVATE LIMITED – Respondent
O R D E R
Per RADHAKRISHNA SREEPADA, Member (Technical)
1. This Company Petition is filed on 24.06.2024 by the Petitioner under Section 241-242 of the Companies Act, 2013 against Mit Apparels Private Limited and others (hereinafter referred as “Respondents”) inter-alia seeking the following reliefs:
(1) Declare that the acts of Respondent No.2 and 3 are oppressive and detrimental to the interests of Petitioner and her majority interest;
(2) Declare that the acts of Respondent No.2 and 3 amount to mismanagement of Respondent No.1 company and is prejudicial to the interests of the Company;
(3) To declare that the resignation filed for Ms. JAYASREE LAVANYA NOOKALA is illegal, null and void and to reinstate Petitioner as Director of the Company;
(4) To repay the loan amount lent by Petitioner to Respondent No.1 Company along with interest;
(5) All the Annual General Meetings held by the Respondent No.1 Company from the date of inception shall be declared as invalid and the Respondent No.1 Company be directed to conduct the said meetings for adoption of financial statements once again;
(6) Restrain Respondent No.2 and 3 from transferring amounts from the account of respondent No.1 Company to th
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