IN RE Vs. OPPORTUNITY MEDIA PRIVATE LIMITED

JUDGEMENT

(1.) The present Company petition bearing C.P. No. 241 of 2016 (CP(TCAA) No. 20/HDB/2017) is filed by Opportunity Media Private Limited, under Sections 391 and 394 of the Companies Act, 1956 read with Rules, 79, 80, 81 and 9 of the Companies (Court) Rules, 1959, before the Hon'ble High court of Judicature at Hyderabad for the State of Telangana and for the state of Andhra Pradesh, by inter alia seeking the following reliefs:

(2.) The Company petition is transferred to this Tribunal by the Hon'ble High court, on 27/01/2017 pursuant to the Companies (Transfer of Pending Proceedings) Rules, 2016 issued vide Notification dated 07-12-2016 conferring jurisdiction on this Bench to decide this issue in the present case. Hence, we have taken the case on the records of this Bench and heard it on various dates viz., 31-01-2017, 15-02-2017, 01-03-2017, 15-03-2017, 22-03-2017 and 03-04-2017.

(3.) Brief contentions, which are stated in the Company petition and are relevant to resolve the issue involved in this present case, are as under: