Here's an interesting legal story from the Madras High Court involving Sharada Mylandla and PI Opportunities Fund I, which took place in late 2025. Let's break it down!
On July 5, 2024, a group of people who make decisions in disputes gave a decision in SIAC Arbitration No.098/2022. PI Opportunities Fund I, represented by Mr. Vardaan Ahluwalia, wanted to enforce this decision against Sharada Mylandla and others. The court temporarily stopped Sharada and Nagaraj Mylandla from selling or dealing with their properties on July 25, 2024.
"Temporary order stopping respondents from dealing with properties," ordered the court.
Things got serious when PI Opportunities Fund I accused Sharada and Nagaraj of disobeying the court's orders by transferring properties. The court agreed, sentencing Sharada to one month and Nagaraj to 10 days in simple jail on January 31, 2025.
Sharada and Nagaraj, represented by Mr. M.S. Krishnan and Mr. Anirudh Krishnan, argued that the property transfers were honest mistakes related to family estate planning. They even reversed a transfer through a settlement agreement on September 28, 2024.
"The appellant took immediate action to reverse the transaction," they claimed.
Judges N. Sathish Kumar and M. Jothiraman looked into the matter more closely. They found that Sharada and Nagaraj had tried to fix their mistakes before the disobedience proceedings. On November 27, 2025, the court decided that jail time was too harsh. Instead, they fined each appellant Rs. 2,000.
"The punishment is changed to a fine," the court ruled.
The court recognized that Sharada and Nagaraj made efforts to correct their mistakes and decided that a fine was a more suitable punishment than jail time.
