NCLT Delhi Approves First Motion Petition In Webmob Software Solutions-Kiwi Technologies Amalgamation

On 7 April 2026, the New Delhi Bench of the National Company Law Tribunal (NCLT) approved the first motion application filed jointly by Webmob Software Solutions Pvt. Ltd. and Kiwi Technologies India Pvt. Ltd. under Sections 230 to 232 of the Companies Act, 2013 and sanctioned their Scheme of Amalgamation.

A Bench comprising Judicial Member Manni Sankariah Shanmuga Sundaram and Technical Member Atul Chaturvedi observed that no other regulatory authority such as SEBI, CCI, or RBI had jurisdiction over the companies. Therefore, the companies did not need to serve notices on these regulators.

Webmob Software Solutions, incorporated in November 2015, provides software development, IT support, consultancy, web designing, and hardware support services. The Transferee Company, Kiwi Technologies, incorporated in January 2010, provides technological and IT-related services in mobile applications, e-book distribution, publishing technology, and website development.

The Boards of Directors of both companies approved the scheme on 6 March 2025. They set the appointed date as 1 April 2025.

The companies explained that the scheme would achieve cost savings by focusing operational efforts, rationalising processes, and standardising business operations. The amalgamation would allow the Transferee Company to realise higher value from its operations and provide a competitive advantage to the combined businesses. The scheme also simplifies the overall group structure to improve management and control.

The Boards and Management of both the Transferor and Transferee Companies stated that the proposed scheme served the best interests of the companies, their shareholders, and other stakeholders.

The Transferor Company had two equity shareholders, both of whom filed consent affidavits. It had no secured creditors and ten unsecured creditors as of 31 December 2024. The number of unsecured creditors reduced to four by May 2025. Consent affidavits representing 98.18 percent in value of unsecured creditors were filed.

The Transferee Company had two shareholders, both consenting, and two secured creditors, also consenting. It had 15 unsecured creditors as of 31 December 2024, which increased to 17 by May 2025. Consent affidavits representing 99.97 percent in value of unsecured creditors were filed.

Both companies confirmed that no inspection, inquiry, or investigation proceedings were pending under the Companies Act, 2013.

Considering the consents received, the Tribunal dispensed with the need to convene meetings of shareholders and creditors for both companies.

Accordingly, the NCLT disposed of the application.

APPLLICANTS ADVOCATE/ PROFESSIONAL: Advocates Arnav Sanyal and Gaurav Choudhary