Kerala High Court
Katra Holdings Limited vs Kerala Ayurveda Limited on 24 September, 2024
Author: V.G.Arun
Bench: V.G.Arun
2024:KER:70830
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR.JUSTICE V.G.ARUN
TUESDAY, THE 24TH DAY OF SEPTEMBER 2024 / 2ND ASWINA, 1946
WP(C) NO. 33229 OF 2024
PETITIONER:
KATRA HOLDINGS LIMITED, (IN LIQUIDATION) MAJORITY
SHAREHOLDER OF KERALA AYURVEDA LIMITED REGISTERED
ADDRESS: 3RD FLOOR MANOR HOUSE, 30 ST GEORGES
STREET,PORT LOUIS, MAURITIUS REPRESENTED BY ITS
LIQUIDATOR MR OUMA SHANKAR OCHIT REPRESENTED BY ITS
POWER OF ATTORNEY CA JASIN JOSE RESIDING AT AT
PONMATTOM, MADASSERY, MOOKKANOOR P.O,
ANGAMALY, KOCHI, PIN - 683577
BY ADVS.
AKHIL SURESH
KALLIYANI KRISHNA B.
RESPONDENTS:
1 KERALA AYURVEDA LIMITED
KERALA AYURVEDA LIMITED CIN: L24233KL1992PLC006592
HAVING ITS REGISTERED OFFICE AT: VII/415, NEDUMBASSERY
ATHANI P O, ERNAKULAM DISTRICT, KERALA AND HAVING ITS
CORPORATE HEADQUARTERS AT: NO. 2C-807, 1ST BLOCK HRBR
LAYOUT BANASWADI BANGALORE 560043, REPRESENTED BY
MANAGING DIRECTOR, PIN - 683585
2 MR RAMESH VANGAL,
CHAIRPERSON AND DIRECTOR KERALA AYURVEDA LIMITED AT:
VII/415, NEDUMBASSERY ATHANI P O, ERNAKULAM DISTRICT
KERALA AND AT: NO. 2C-807, 1ST BLOCK HRBR LAYOUT
BANASWADI BANGALORE 560043, PIN - 683585
3 MR. KUNJUPANICKER ANIL KUMAR,
WHOLETIME (EXECUTIVE) DIRECTOR KERALA AYURVEDA LTD AT:
VII/415, NEDUMBASSERY ATHANI P O, ERNAKULAM DISTRICT
KERALA AND AT: NO. 2C-807, 1ST BLOCK HRBR LAYOUT
BANASWADI BANGALORE 560043, PIN - 683585
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4 MR. HARISH KUTTAN MENON,
INDEPENDENT DIRECTOR KERALA AYURVEDA LTD AT: VII/415,
NEDUMBASSERY ATHANI P O, ERNAKULAM DISTRICT KERALA AND
AT: NO. 2C-807, 1ST BLOCK HRBR LAYOUT BANASWADI,
BANGALORE 560043, PIN - 683585
5 MR. GOKUL PATNAIK,
NON-EXECUTIVE NON-INDEPENDENT DIRECTOR KERALA AYURVEDA
LTD AT: VII/415, NEDUMBASSERY ATHANI P O, ERNAKULAM
DISTRICT KERALA AND AT: NO. 2C-807, 1ST BLOCK HRBR
LAYOUT BANASWADI BANGALORE 560043, PIN - 683585
6 MR. ANAND SUBRAMANIAN,
NON-EXECUTIVE NON-INDEPENDENT DIRECTOR KERALA AYURVEDA
LTD AT: VII/415, NEDUMBASSERY ATHANI P O, ERNAKULAM
DISTRICT, KERALA AND AT: NO. 2C-807, 1ST BLOCK HRBR
LAYOUT BANASWADI, BANGALORE 560043, PIN - 683585
7 MR. SUBRAMANIAN KRISHNAMURTHY,
NON-EXECUTIVE INDEPENDENT DIRECTOR KERALA AYURVEDA LTD
AT: VII/415, NEDUMBASSERY ATHANI P O, ERNAKULAM
DISTRICT, KERALA AND AT: NO. 2C-807, 1ST BLOCK HRBR
LAYOUT BANASWADI, BANGALORE 560043, PIN - 683585
8 MRS. SHILPA KIRAN GUDUDUR,
NON-EXECUTIVE INDEPENDENT DIRECTOR KERALA AYURVEDA LTD
AT: VII/415, NEDUMBASSERY ATHANI P O, ERNAKULAM
DISTRICT, KERALA AND AT: NO. 2C-807, 1ST BLOCK HRBR
LAYOUT BANASWADI, BANGALORE 560043, PIN - 683585
9 MR. RAJESH SHARMA,
INDEPENDENT DIRECTOR KERALA AYURVEDA LTD AT: VII/415,
NEDUMBASSERY ATHANI P O, ERNAKULAM DISTRICT, KERALA AND
AT: NO. 2C-807, 1ST BLOCK HRBR LAYOUT BANASWADI,
BANGALORE 560043, PIN - 683585
0 MS JYOTHI GULECHA,
COMPANY SECRETARY & COMPLIANCE OFFICER KERALA AYURVEDA
LTD VII/415, NEDUMBASSERY ATHANI P O, ERNAKULAM
DISTRICT, KERALA AND AT: NO. 2C-807, 1ST BLOCK HRBR
LAYOUT BANASWADI, BANGALORE 560043, PIN - 683585
11 MR KT GEORGE,
CHIEF FINANCIAL OFFICER KERALA AYURVEDA LTD VII/415,
NEDUMBASSERY ATHANI P O, ERNAKULAM DISTRICT, KERALA AND
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AT: NO. 2C-807, 1ST BLOCK HRBR LAYOUT BANASWADI,
BANGALORE 560043, PIN - 683585
12 BSE LIMITED,
PHIROZE JEEJEEBHOY TOWERS DALAL STREET, MUMBAI- 400001
# 91-22-22721233/4, 91-22-66545695 (HUNTING) FAX : 91-
22-22721919 EMAIL: CORP.COMM@64;BSEINDIA.COM ALSO AT:
BSE INVESTORS SERVICE CENTRE SREE LAKSHMI TOWER, 2ND
FLOOR RAVIPURAM ROAD, RAVIPURAM, ERNAKULAM, KERALA,
REPRESENTED BY MANAGING DIRECTOR, PIN - 680016
13 CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED,
C/O MR T. SHIBHUNATH AT: BSE INVESTORS SERVICE CENTRE
SREE LAKSHMI TOWER, 2ND FLOOR RAVIPURAM ROAD,
RAVIPURAM ERNAKULAM, KERALA,
EMAIL: SHIBUNATHT@CDSLINDIA.COM AND AT: MS SHILPITA
SAHOO LEGAL & COMPANY SECRETARY MARATHON FUTUREX,
A-WING, 25TH FLOOR NM JOSHI MARG, LOWER PAREL MUMBAI
400013, REPRESENTED BY MANAGING DIRECTOR, PIN - 680016
14 NATIONAL SECURITIES DEPOSITORY LIMITED
AT: SUITE NO. S - 105 MONLASH BUSINESS CENTER 4TH
FLOOR, CRESCENS TOWER NH 47, CHANGAMPUZHA NAGAR POST
KOCHI AND AT: 3RD FLOOR, NAMAN CHAMBER PLOT C-32,
G-BLOCK BANDRA KURLA COMPLEX BANDRA EAST, MUMBAI
MAHARASHTRA - 400 051,
REPRESENTED BY MANAGING DIRECTOR, PIN - 682033
15 INTEGRATED REGISTRY MANAGEMENT SERVICES PVT. LTD
(INTEGRATED ENTERPRISES (INDIA) LTD) 2ND FLOOR, KENCES
TOWERS NO.1 RAMAKRISHNA STREET, NORTH USMAN ROAD,
T NAGAR, CHENNAI, TAMIL NADU, REPRESENTED BY MANAGING
DIRECTOR, PIN - 600017
16 REGISTRAR OF COMPANIES
CORPORATE BHAWAN, BMC ROAD THRIKKAKARA, KOCHI, KERALA,
PIN - 682020
SRI. P.B. KRISHNAN, SR.
DSGI IN CHARGE SRI. T.C. KRISHNA.
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
24.09.2024, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
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WP(C) NO. 33229 OF 2024
4
JUDGMENT
This writ petition was filed at a time when the NCLT was
not functioning on regular basis and urgent orders were required by
the petitioner, since the annual general body meeting of the 1 st
respondent company was scheduled to be conducted on 20/09/2024.
2. The learned senior counsel appearing for the petitioner
fairly submitted that the NCLT has commenced sitting.
3. Although learned senior counsel seeks a direction to the
NCLT, to consider the interlocutory applications expeditiously, this
Court is of the opinion that no such direction is required since the
NCLT bound to consider those applications, even otherwise.
The writ petition is hence closed, leaving it open for the
petitioner to urge all contentions before the NCLT.
Sd/-
V.G.ARUN
JUDGE
msp
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WP(C) NO. 33229 OF 2024
APPENDIX OF WP(C) 33229/2024
PETITIONER EXHIBITS
Exhibit P1 TRUE COPY OF THE ADMINISTRATIVE ORDER NO.
NCLT/KOB/2019/08(II)/1280 PASSED ‘NCLT
KOCHI' 18 SEPTEMBER 2024
Exhibit P2 TRUE COPY OF THE ORDER OF THE MAURITIAN SC
DATED 05 JULY 2017 IN SC/COM/MOT/01320/2015
Exhibit P3 TRUE COPY OF THE LETTER DATED 08.07.2024
Exhibit P4 TRUE COPY OF THE ORDER OF THIS HON'BLE COURT
IN OP. (C) NO. 1773 OF 2024 DATED 14 AUGUST
Exhibit P5 TRUE COPY OF THE NOTICE OF THE 32ND ANNUAL
GENERAL MEETING (“AGM”) AND THE
ANNUAL REPORT 2023-24, AS PUBLICLY AVAILABLE
Exhibit P6 TRUE COPY OF THE ORDER OF THIS HON'BLE COURT
SEPTEMBER 2024 (“11 SEPTEMBER
ORDER”).
Exhibit P7 TRUE COPY OF THE LETTER FROM NSDL AND RELATED
CORRESPONDENCE DATED 17.09.2024
Exhibit P8(a) TRUE COPY OF THE LETTER NO. SAM/CHE/2024-
25/0173 DATED 07.09.2024
Exhibit P8(b) TRUE COPY OF THE LETTER NO. SAM/CHE/2024-
25/0174 DATED 07.09.2024
Exhibit P8(c) TRUE COPY OF THE LETTER NO. SAM/CHE/2024-
25/0177 DATED 07.09.2024
Exhibit P8(d) TRUE COPY OF THE LETTER NO. SAM/CHE/2024-
25/0176 DATED 07.09.2024
Exhibit P9(a) TRUE COPY OF THE LETTER NO. SAM/CHE/2024-
25/0195 DATED 12.09.2024
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WP(C) NO. 33229 OF 2024
Exhibit P9(b) TRUE COPY OF THE LETTER NO. SAM/CHE/2024-
25/0198 DATED 12.09.2024
Exhibit P9(c) TRUE COPY OF THE LETTER NO. SAM/CHE/2024-
25/0197 DATED 12.09.2024
Exhibit P9(d) TRUE COPY OF THE LETTER NO. SAM/CHE/2024-
25/0193 DATED 12.09.2024
