PRODDATURI MALALTHI Vs. SRP LOGISTICS PRIVATE LIMITED

JUDGEMENT

(1.) The Company Petition bearing CP No. 36/241/HDB/2017 is filed by Mrs. Proddaturi Malathi against M/s. SRP Logistics Private Limited and 5 others, U/s 59 and 241 R/w 242, 244 of the Companies Act, 2013, by seeking the following reliefs: a. To declare the impugned transfer of shares from Mr. Proddaturi Rama Krishna shown in the Annual Return filed for the year 2006 as null and void. b. To declare the impugned Allotment of shares made on 30.09.2015 and 26.11.2016 as null and void. c. To declare the impugned Board Meeting held on 30.09.2015 as null and void. d. To declare the impugned Board Meeting held on 31.10.2016 as null and void. e. To declare the impugned Extra-ordinary General Meeting held on 26.11.2016 as null and void. f. To declare the impugned Board Meeting held on 26.11.2016 as null and void. g. To declare the impugned appointment of Mr. Mallesham Mekala as Additional Director as null and void. h. To direct the Respondents 2, 3 and 4 to sell their shares to the Petitioner by fixing a fair value by appointing a valuer. i. To declare Annual Return filed for the period ended 31.03.2016 as null and void.

(2.) Brief facts, leading to the filing present petition, which are relevant to the issue in question, are as follows:

(3.) The Company petition is opposed by the respondent No. 1 and 2 and their contentions, in brief, are as follows: