SUPREME COURT
The Supreme Court has reprimanded the National Company Law Appellate Tribunal (NCLAT) for failing to hear a pending appeal despite its earlier request to take up the matter on July 23, 2026, directing the tribunal to explain the delay.
A Division Bench of Justices J.B. Pardiwala and K. Vinod Chandran said it was “quite disturbed” by the NCLAT's conduct. It clarified that any request made by the Supreme Court to a court or tribunal must be treated as a direction, warning that non-compliance would be viewed seriously.
Case Title : SONA BANSAL VERSUS VASHISHT KUMAR GOYAL & ORS.
Case Number : MISCELLANEOUS APPLICATION Diary No(s).54224/2026
HIGH COURT
The Karnataka High Court has closed a contempt petition filed by Morgan Securities and Credits Private Limited against BPL Limited and its directors over the alleged violation of a 2020 order restraining the company from alienating or encumbering its properties.
A Division Bench of Justice Jayant Banerji and Justice Tara Vitasta Ganju found that Morgan Securities had failed to produce documentary evidence of a breach. The court observed that the petitioner had not established that any of BPL's assets had actually been charged or pledged in violation of the order.
Case Title : Morgan Securities and Credits Private Limited v. BPL Limited and Ors
Case Number : Civil Contempt Petition NHo. 600 of 2026
CITATION : 2026 LLBiz HC(KAR) 191
Section 21 Of Companies Act Does Not Bar Oral Agreements Between Companies: Rajasthan High Court
The Rajasthan High Court on 15 September held that Section 21 of the Companies Act, 2013, does not bar oral agreements between companies, clarifying that the provision governing authorised signatories does not require every agreement to be in writing.
Justice Rekha Borana dismissed a civil revision petition filed by Gnex Impex Private Limited and its director against an order dated 22 May 2025, by which the District Judge, Jodhpur Metropolitan, rejected their application to dismiss a suit filed by Shyam And Shyam Oils Private Limited over an alleged oral agreement between the companies.
Case Title : Gnex Impex Private Limited vs M/s Shyam And Shyam Oils Private Limited
Case Number : S.B. Civil Revision Petition No. 223/2026
CITATION : 2026 LLBiz HC (RAJ) 56
The Kerala High Court has set aside an order of the National Company Law Tribunal, Kochi Bench, refusing to implead two alleged share transferees in a company petition alleging mismanagement, holding that their presence was necessary for effective adjudication of the dispute over the original petitioners' shareholding.
Justice Harisankar V Menon held that the alleged transferees were proper parties even though no specific relief had been sought against them, as their presence was necessary to adjudicate the preliminary objection that the original petitioners no longer held shares in the company.
Case Title : Sandeep Chandrasenan and Anr v. Usha Krishnakumar and Ors
Case Number : WP(C) No. 15055 of 2026
CITATION : 2026 LLBiz HC(KER) 200
Can NCLT Declare A Registered Sale Deed Void? Kerala High Court Explains
The Kerala High Court has recently held that the National Company Law Tribunal (NCLT) cannot declare a registered sale deed void and not binding on a company merely because a dispute involves allegations of oppression and mismanagement.
Case Title : Sathish Kumar and Anr v. Govindankutty and Ors
Case Number : OP(C) No. 926 of 2026
CITATION : 2026 LLBiz HC(KER) 201
Delhi High Court Quashes SFIO Probe Into Educomp Solutions
The Delhi High Court has recently quashed the Central Government's order directing a Serious Fraud Investigation Office (SFIO) probe into Educomp Solutions Limited, an education technology company, holding that the order did not explain why the company's affairs warranted such an investigation under the Companies Act, 2013.
Case Title : Vinod Kumar Dandona and Ors v. Union of India and Anr
Case Number : WP(Crl) No. 1242 of 2022
CITATION : 2026 LLBiz HC(DEL) 1142
The Karnataka High Court on 17 October dismissed a petition filed by Madhukar and Prashanth Bhadrappan, directors of Super Royal Holidays (India) Private Limited, challenging criminal proceedings for alleged non-compliance with an investigation under the Companies Act, 2013.
Justice H.P. Sandesh held that the Special Court for Economic Offences, Bengaluru, had applied its mind to the complaint and accompanying documents before taking cognizance of the alleged offence under Section 217(4) of the Companies Act.
Case Title : Mr. Madhukar and Anr v. The Registrar of Companies
Case Number : Criminal Petition No. 1287 of 2020
CITATION : 2026 LLBiz HC(KAR) 202
Bombay High Court Declares 5 Paintings, Including 2 By M.F. Husain, Mafatlal's Liquidation Assets
The Bombay High Court on 21 October declared five of 44 paintings, including works by M.F. Husain, as assets of Mafatlal Dyes & Chemicals Limited, which is undergoing liquidation, allowing their sale to realise proceeds for the company's creditors and other stakeholders.
Justice Somasekhar Sundaresan considered rival ownership claims over the paintings and the Official Liquidator's application seeking permission to sell the five paintings identified as company assets.
Case Title : Yasmin Mohamed Yunus Valibhoy v. M/s Mafatlal Dyes and Chemicals Limited
Case Number : IA (L) No. 13581 of 2024
CITATION : 2026 LLBiz HC(BOM) 590
NCLAT
The National Company Law Appellate Tribunal (NCLAT) has recently ruled that mere non-filing of a reply to an interim application cannot, by itself, justify granting interim relief, particularly when the relief affects the rights of the parties and no effective opportunity has been given to respond.
The bench of Judicial Member Justice Sharad Kumar Sharma and Technical Member Indevar Pandey passed the ruling on an appeal filed by ET Infra Developers Pvt. Ltd. against an interim order passed by the NCLT, New Delhi Bench, on December 7, 2022, in proceedings involving Electrotherm (India) Ltd.
Case Title : ET Infra Developers Pvt. Ltd. Vs Electrotherm (India) Ltd.
Case Number : Company Appeal (AT) 8/2023
CITATION : 2026 LLBiz NCLAT 383
NCLAT Upholds Waiver Allowing IMPPA Members To Pursue Oppression, Mismanagement Case
The National Company Law Appellate Tribunal (NCLAT) has upheld a waiver allowing members of the Indian Motion Picture Producers Association (IMPPA) to pursue an oppression and mismanagement case against the association, despite IMPPA's objection over the number of members supporting the petition.
A bench of Judicial Member Justice Sharad Kumar Sharma, Technical Members Arun Baroka and Indevar Pandey upheld the National Company Law Tribunal (NCLT), Mumbai's decision to grant the waiver. The bench held that the tribunal had properly exercised its discretion under Section 244(1)(b) of the Companies Act.
Case Title : Indian Motion Picture Producers Association Vs Sanjeev Kumar Singh and Ors. Case Number : Company Appeal (AT) 277/2026 & 278/2026
CITATION : 2026 LLBiz NCLAT 384
NCLAT Dismisses Appeal Against Order Ensuring Compliance With Earlier Directions
The National Company Law Appellate Tribunal (NCLAT) at Delhi has dismissed an appeal against an order directing disclosure of machinery details, holding that the impugned order was intended to ensure compliance with earlier directions that had not been challenged by the appellant.
A bench of Judicial Member Justice Sharad Kumar Sharma, Technical Member Arun Baroka and Technical Member Indevar Pandey observed that the impugned order did not prejudice Kataria because it was ensuring compliance with earlier orders.
Case Title : Ashok Kumar Kataria v. Loveleen Dhaliwal Singla & Ors.
Case Number : Company Appeal (AT) No. 312 of 2026
CITATION : 2026 LLBiz NCLAT 387
Directions In Quashed NCLT Order Cannot Survive Or Be Enforced Independently: NCLAT Delhi
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT), on 30 September held that once an order of the National Company Law Tribunal (NCLT) is quashed by an appellate forum, the directions contained in the quashed order cannot survive or be enforced independently.
A Bench of Judicial Member Sharad Kumar Sharma and Technical Member Indevar Pandey held: “…it is known by common judicial prudence that, once the order is quashed by an appellate forum, it does not exist in the eyes of law on the records and hence a part of it cannot still be permitted, to be maintained and enforced…”
Case Title : Rock Bottom Mines Pvt Ltd. And Anr. Vs Sanjeev Chaudhary
Case Number : Company Appeal (AT) 359/2026
CITATION : 2026 LLBiz NCLAT 388
NCLT Cannot Order Share Buyout Without Finding Oppression, Mismanagement: NCLAT New Delhi
On 14 October, the National Company Law Appellate Tribunal (NCLAT), New Delhi held that the National Company Law Tribunal (NCLT) cannot order a share buyout under Section 242(2)(b) of the Companies Act, 2013, without first recording a finding of oppression and mismanagement under Section 241 and satisfying the conditions under Section 242(1).
Case Title : Sanjit Instruments Private Limited & Ors Vs Arvind Jagannath Bagul
Case Number : Company Appeal (AT) 54/2026
CITATION : 2026 LLBiz NCLAT 398
Shareholder Cannot Maintain Individual Appeal After Failing To Avail Representative Remedy: NCLAT
The National Company Law Appellate Tribunal (NCLAT) has recently held that a shareholder cannot independently challenge a final order in a representative company petition after failing to pursue an opportunity to raise grievances collectively.
Case Title : Mehul Vyas Vs Fiba Shipping Agency & Ors.
Case Number : Company Appeal (AT) 342/2026
CITATION : 2026 LLBiz NCLAT 401
Concealment Of Earlier Proceedings Disentitles Litigant From Relief: NCLAT
The National Company Law Appellate Tribunal (NCLAT) at Delhi has dismissed an appeal as lacking merit, primarily because the appellants had concealed material facts relating to earlier proceedings that had already come to an end owing to non-removal of defects.
Case Title : Abhinandan Complex Private Limited & Ors. Vs Prakash More & Ors
Case Number : Company Appeal (AT) 374/2026
CITATION : 2026 LLBiz NCLAT 408
Finalised Share Valuation, Buyout Mechanism Can't Be Reopened Through Fresh Application: NCLAT Delhi
On 29 October, the National Company Law Appellate Tribunal (NCLAT), New Delhi, held that issues relating to share valuation and the consequent buyout mechanism, which have attained finality, cannot be reopened through a subsequent interlocutory application when the appellant has exhausted the available judicial remedies.
Case Title : Shefali Agarwal Vs Stone Age Pvt. Ltd. & Ors
Case Number : Company Appeal (AT) 383/2026
CITATION : 2026 LLBiz NCLAT 412
NCLT
Asics India-Onitsuka Tiger Demerger: NCLT Chandigarh Allows First Motion Application
The Chandigarh bench of the National Company Law Tribunal (NCLT) has allowed the first motion application filed by Asics India Private Limited and OT India Private Limited for the proposed demerger of Asics India's Onitsuka Tiger business.
The tribunal, comprising Judicial Member Khetrabasi Biswal and Technical Member Kaushalendra Kumar Singh, also dispensed with the requirement of convening meetings of the companies' equity shareholders and creditors.
Case Title : Asics India Private Limited, OT India Private Limited & Onitsuka Tiger Asia Pacific Pte. Ltd
Case Number : CA (CAA) No. 28/Chd/Hry/2026
CITATION : 2026 LLBiz NCLT(CHA) 961
NCLT Mumbai Approves Merger Of Tata Group Firm Rujuvalika Investments Into Tata Steel
The National Company Law Tribunal at Mumbai has sanctioned merger of Rujuvalika Investments Limited, a wholly owned subsidiary of Tata Steel Limited into Tata Steel.
A coram of Judicial Member Ashish Kalia and Technical Member Banwari Lal Meena while approving the second motion application, said “From the materials available on record, the Scheme appears to be fair and reasonable and is not in violation of any provisions of law or contrary to public interest/policy.”
Case Title : TATA STEEL LIMITED VS AND RUJUVALIKA INVESTMENTS LIMITED
Case Number : C.P. (CAA) 69/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 964
NCLT Mumbai Sanctions Demerger Of GE Power India With JSW Energy, Preserves Income Tax Rights
On 1 October, the Mumbai Bench of the National Company Law Tribunal sanctioned a Scheme of Arrangement providing for the demerger of GE Power India Limited's Durgapur-based business to JSW Energy Limited.
A Bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar sanctioned the Scheme after considering reports from the Chairperson, Regional Director and Income Tax Department. It noted that the Scheme had received the requisite approval from shareholders and creditors of both companies.
Case Title : GE Power India Limited And JSW Energy Limited
Case Number : C.P.(CAA)/118(MB)2026 In C.A.(CAA)/88(MB)2026
CITATION : 2026 LLBiz NCLT (MUM) 965
The Chandigarh Bench of the National Company Law Tribunal (NCLT) on 28 September allowed the First Motion application filed jointly by Duet India Hotels (Hyderabad) Private Limited, the Demerged Company, and Caspia Hotels Private Limited, the Resulting Company.
Judicial Member Khetrabasi Biswal and Technical Member Kaushalendra Kumar Singh dispensed with the meetings of shareholders and creditors for a Scheme of Arrangement after noting the consents obtained from them.
Case Title : DUET INDIA HOTELS (HYDERABAD) PRIVATE LIMITED & CASPIA HOTELS PRIVATE LIMITED
Case Number : CA(CAA) No. 22/Chd/Pb/2026
CITATION : 2026 LLBiz NCLT(CHA) 967
Company Cannot Deny Deposit Repayment Claim Merely Because Depositor Was Non-Member: NCLT Allahabad
The National Company Law Tribunal (NCLT) at Allahabad has held that a company cannot defeat a non-member's claim for repayment merely by contending that the money was received from someone who was not its member, where the amount falls within the statutory definition of a "deposit."
A bench comprising Judicial Member Praveen Gupta and Technical Member Ashish Verma held that a company's alleged non-compliance with the rules governing acceptance of deposits does not give it a right to retain money it has received. The bench also observed that such non-compliance may have separate penal consequences.
Case Title : Dhanraj Builders v. M/s Dhanraj Buildwell Private Limited & Ors.
Case Number : CP No. 04/ALD/2023
CITATION : 2026 LLBiz NCLT (ALL) 969
The National Company Law Tribunal (NCLT), Chandigarh, has refused to recall its order dispensing with meetings of unsecured creditors for a Scheme of Demerger and Amalgamation involving Okaya Power Private Limited and three group companies.
The bench comprising Judicial Member Khetrabasi Biswal and Technical Member Kaushalendra Kumar Singh observed, “…the legality of the Scheme and the rights flowing therefrom must be examined independently of the inter se disputes between the shareholder groups unless such disputes are shown to have directly resulted in concealment of material facts from this Tribunal.”
Case Title : Microtek International Private Limited & Anr. v. Okaya Power Private Limited & Ors. Case Number : Comp. Appl. Nos. 217, 218, 219 & 220 of 2025
CITATION : 2026 LLBiz NCLT (CHA) 975
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has recently held that mere non-payment of an amount directed to be paid under an order does not, by itself, constitute civil contempt unless there is material showing conscious, deliberate and wilful disobedience.
The bench of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma observed, “However, the remaining unpaid amount, by itself, cannot constitute contempt in the absence of material establishing the requisite wilful and deliberate disobedience. Questions concerning the recovery or enforcement of the monetary amount are distinct from the penal jurisdiction presently invoked.”
Case Title : Ilaben Ashosbhai Modi Vs Chiccem Healthcare Pvt. Ltd & Ors
Case Number : Cont.P/2(AHM)2025 in CP 49 of 2020
CITATION : 2026 LLBiz NCLT (AHM) 980
Popular Finance Scam: NCLT Kochi Orders Winding Up Of 14 Group Entities
The National Company Law Tribunal at Kochi on Tuesday ordered the winding up of several companies and limited liability partnerships forming part of the Popular Finance Group in winding up proceedings initiated by the Union of India through the Serious Fraud Investigation Office (SFIO).
A coram of Judicial Member Vinay Goel and Technical Member Ravichandran Ramasamy passed the order. The Tribunal also appointed the Official Liquidator as the Company Liquidator to take further steps in accordance with law.
Case Title : Union of India v. Mary Matha Popular Nidhi Limited
Case Number : CP(C/ACT)/19/KOB/2026
NCLT Chennai Approves Scheme Merging Dr. Agarwal's Eye Hospital With Dr. Agarwal's Health Care
The National Company Law Tribunal at Chennai has sanctioned the second motion petition seeking approval of the Scheme of Amalgamation between Dr. Agarwal's Eye Hospital Limited and Dr. Agarwal's Health Care Limited.
A coram of Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam passed the order.
Case Title : Dr. Agarwal's Eye Hospital Limited with Dr. Agarwal's Health Care Limited
Case Number : CP(CAA)/57(CHE)/2026
CITATION : 2026 LLBiz NCLT(CHE) 989
NCLT Ahmedabad Orders Bosch Home Comfort To Restore Shareholder's Name, Finds No Sufficient Cause
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 28 September directed Bosch Home Comfort India Limited to restore Anoopama Shah's name in its Register of Members in respect of 250 shares after finding that her name had been omitted without sufficient cause.
A Bench of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma allowed Shah's appeal against the company and others.
Case Title : Anoopama Shah Vs Jonson Control-Hitachi Air Condition India Ltd & Ors
Case Number : Appeal/57(AHM)2023
CITATION : 2026 LLBiz NCLT (AHM) 990
NCLT Delhi Sanctions Yamaha Motor India Restructuring Scheme
The Principal Bench of the National Company Law Tribunal (NCLT), New Delhi has sanctioned a composite scheme involving Yamaha Motor India Private Limited, Yamaha Motor India Sales Private Limited and India Yamaha Motor Private Limited.
The scheme provides for the demerger of the management advisory and consulting business, referred to as the “Planning division”, of Yamaha Motor India into India Yamaha Motor. It also provides for the amalgamation of Yamaha Motor India Sales with India Yamaha Motor.
Case Title : YAMAHA MOTOR INDIA PRIVATE LIMITED, YAMAHA MOTOR INDIA SALES PRIVATE LIMITED & INDIA YAMAHA MOTOR PRIVATE LIMITED
Case Number : COMPANY APPLICATION NO. (CAA) – 7/(PB)/2026
CITATION : 2026 LLBiz NCLT (DEL) 991
NCLT Mumbai Sanctions Demerger Of Guardian's GNC Business To Bella Vita Owner Idam Natural Wellness
The National Company Law Tribunal (NCLT), Mumbai has sanctioned a composite scheme of arrangement providing for the demerger of Guardian Healthcare Services Private Limited's Nutritional Products Division, including its GNC business, into Idam Natural Wellness Private Limited, owner of the 'Bella Vita' brand.
Case Title : Guardian Nutrition & Healthcare Private Limited and Guardian Healthcare Services Private Limited and Idam Natural Wellness Private Limited
Case Number : C.P.(CAA)/112/MB/2026 c/w C.A.(CAA)/91/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 992
The National Company Law Tribunal (NCLT) at Mumbai has held that its power to modify a sanctioned scheme under Section 231 of the Companies Act, 2013 can be used where the scheme is unworkable.
It cannot be used to extend the scheme's benefits to a defaulter when there is no allegation that the scheme is not being properly implemented.
Case Title : Shree Radhey Trading Company vs National Spot Exchange Limited
Case Number : Interlocutory Application (Companies Act) No. 160 of 2026 IN Company Petition No. (C.A.A.) / 104 (MB) of 2025
CITATION : 2026 LLBiz NCLT (MUM) 993
NCLT Chennai Allows Winding Up Of Struck-Off Company To Realise Assets, Settle Liabilities
The National Company Law Tribunal (NCLT), Chennai, has ruled that a company struck off from the Register of Companies can still be wound up to realise its assets and settle outstanding liabilities.
A coram comprising Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam was hearing a petition filed by Sujatha Venkateswaran, a shareholder and contributory of Jaipriya Holdings Limited. The company was struck off by the Registrar of Companies (RoC) on October 28, 2011.
Case Title : Sujatha Venkateswaran v. Registrar of Companies, Chennai
Case Number : CP (CA) No.135 (CHE) of 2025
CITATION : 2026 LLBiz NCLT (CHE) 995
Company Can Enter CIRP Despite Winding-Up Order If No Irreversible Steps Taken: NCLT Delhi
The National Company Law Tribunal (NCLT), at Delhi has ruled that a company facing winding-up proceedings can still be admitted to the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC), provided the winding-up has not reached an irreversible stage.
A bench of President Justice Anupinder Singh Grewal and Technical Member Ravindra Chaturvedi examined whether the company could be given an opportunity to revive despite an existing winding-up order.
Case Title : Punjab National Bank v. M/s SVOGL Oil Gas and Energy Limited
Case Number : CP (IB) No.253/(PB)/2025
CITATION : 2026 LLBiz NCLT (DEL) 998
The National Company Law Tribunal (NCLT), Ahmedabad, on 7 October directed Ganesh Housing Limited to convene a meeting of its equity shareholders to consider the proposed amalgamation of its wholly owned subsidiary, Gatil Properties Private Limited, with the company.
A Bench of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma dispensed with meetings of the secured and unsecured creditors of both companies, observing that the scheme would neither reduce nor extinguish their liabilities and that the merged entity was expected to have assets exceeding its liabilities.
Case Title : Gatil Properties Pvt. Ltd & Ganesh Housing Limited
Case Number : C.A.(CAA)/39(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 1000
NCLT Approves Merger Of Two Adani Electricity Mumbai Subsidiaries Into It
The National Company Law Tribunal's (NCLT) Ahmedabad bench has sanctioned the merger of Adani Electricity Mumbai Limited's wholly owned subsidiaries, Pointleap Projects Private Limited and Superheights Infraspace Private Limited, with the power distribution company, with effect from April 1, 2025.
Case Title : Pointleap Projects Private Limited, Superheights Infraspace Private Limited & Adani Electricity Mumbai Limited
Case Number : C.P.(CAA)/23(AHM)2026 in CA(CAA)/12(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 1002
The Chandigarh Bench of the National Company Law Tribunal (NCLT) on 30 September sanctioned the scheme of amalgamation of Futech Internet Private Limited with Anka India Limited under Sections 230–232 of the Companies Act, 2013.
A Bench comprising Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal sanctioned the scheme after considering the reports and observations of the statutory authorities.
Case Title : FUTECH INTERNET PRIVATE LIMITED & ANKA INDIA LIMITED
Case Number : CP (CAA) No. 8/Chd/Hry/2026
CITATION : 2026 LLBiz NCLT (CHA) 1009
NCLT Sanctions Meghmani Group Amalgamation, Clarifies Approval Does Not Waive Statutory Liabilities
On 8 October, the Ahmedabad Bench of the National Company Law Tribunal (NCLT) sanctioned the scheme of amalgamation of Kilburn Chemicals Limited and Meghmani Crop Nutrition Limited with Meghmani Organics Limited, holding that the scheme does not exempt the companies from statutory liabilities or regulatory compliances.
A Bench comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma heard the joint petition filed by the three companies and sanctioned the scheme under Sections 230–232 of the Companies Act, 2013.
Case Title : Kilburn Chemicals Limited, Meghmani Crop Nutrition Limited & Meghmani Organics Limited
Case Number : C.P.(CAA)/33(AHM)2026 in C.A.(CAA)/23(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 1011
NCLT Chandigarh Allows Merger Of Two Singapore Companies With Evonith Metallics
The Chandigarh Bench of the National Company Law tribunal (NCLT) has allowed the first-motion application filed by Evonith Metallics Limited for a scheme to merge two Singapore-based entities, Wardha Steel Holdings Pte. Ltd. and Esturik Investments Pte. Ltd., with the steel manufacturer.
Case Title : EVONITH METALLICS LIMITED, WARDHA STEEL HOLDINGS PTE. LTD & ESTURIK INVESTMENTS PTE. LTD
Case Number : CA(CAA)No.27/Chd/Hry/2026
CITATION : 2026 LLBiz NCLT (CHA) 1012
NCLT Chennai Approves Notion Press Settlement, Orders ₹3.75 Crore Payout For Share Cancellation
The Chennai Bench of the National Company Law Tribunal (NCLT) on 9 October approved a Memorandum of Compromise between C. Janarthanan and Notion Press Media Pvt. Ltd., directing the company to cancel his 3,999 equity shares and pay him Rs. 3.75 crore as part of the settlement of an oppression and mismanagement petition.
Case Title : C Janarthanan Vs Notion Press Media Pvt Ltd & 14 Others
Case Number : CP(CA)/43/CHE/2024
CITATION : 2026 LLBiz NCLT (CHE) 1017
NCLT Ahmedabad Rejects Mediation Plea In Lendingkart Dispute, Says Parties' Consent Is Essential
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 12 October dismissed an application by minority shareholders of Lendingkart Technologies Pvt. Ltd. seeking mediation in an ongoing oppression and mismanagement dispute involving majority shareholder Fullerton Financial Pvt. Ltd.
Case Title : Harshvardhan Lunia & Ors Vs Lendingkart Technologies Pvt.Ltd & Ors
Case Number : Comp.App/33(AHM)2026 in CP/72(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 1018
NCLT Mumbai Clears First Motion For HSBC InvestDirect Merger With 1% Share Capital Reduction
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 13 October, allowed the first motion application filed by HSBC InvestDirect Sales & Marketing (India) Private Limited and HSBC InvestDirect (India) Private Limited for their proposed amalgamation and the reduction of the transferor company's share capital.
Case Title : In the matter of Composite Scheme of Arrangement between HSBC InvestDirect Sales & Marketing (India) Private Limited (Transferor Company/Applicant Company-1) and HSBC InvestDirect (India) Private Limited (Transferee Company/Applicant Company-2)
Case Number : CA(CAA)/131/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 1022
NCLT Chennai Allows First Motion For POCL Enterprises-Planetfirst Green Amalgamation
The National Company Law Tribunal at Chennai has directed POCL Enterprises Limited to convene meetings of its equity shareholders and unsecured creditors to consider a proposed scheme of amalgamation with Planetfirst Green Private Limited.
Case Title : Planetfirst Green Private Limited and POCL Enterprises Limited
Case Number : CA(CAA)/71(CHE)/2026
CITATION : 2026 LLBiz NCLT(CHE) 1023
NCLT Mumbai Approves Merger Of Broadcasting Company SARG Media With Republic Media Network Operator
The National Company Law Tribunal (NCLT) at Mumbai has sanctioned the merger of SARG Media Holding Private Limited with ARG Outlier Media Private Limited, which owns and operates the Republic Media Network, including Republic TV, Republic Bharat and Republic Bangla.
A Bench of Judicial Member Vinay Goel and Technical Member Charanjeet Singh Gulati approved the scheme under Sections 230-232 of the Companies Act, 2013. The Tribunal directed that SARG Media Holding, the transferor company be dissolved without winding up.
Case Title : In the matter of Scheme of Arrangement (Merger by Absorption) between SARG Media Holding Private Limited (“First Petitioner Company” or “Transferor Company”) and ARG Outlier Media Private Limited (the “Second Petitioner Company”/ “Transferee Company”) and their respective shareholders (the “Scheme”)
Case Number : C.P. (CAA) / 223 (MB) / 2025 IN C.A. (CAA) / 229 (MB) / 2023
CITATION : 2026 LLBiz NCLT (MUM) 1029
The National Company Law Tribunal's Mumbai Bench has allowed the first motion application for a composite scheme under which Essel Mining and Industries Ltd will transfer its renewable energy undertaking to Aditya Birla Renewables Ltd through a slump sale involving the transfer of the business as a whole.
Case Title : IN THE MATTER OF COMPOSITE SCHEME OF ARRANGEMENT AMONGST ESSEL MINING AND INDUSTRIES LIMITED, ELECTROTHERM RENEWABLES PRIVATE LIMITED, ABREL EPCCO SERVICES LIMITED, ABREL RENEWABLES EPC LIMITED, ABREL EPC LIMITED
Case Number : CA (CAA) No. 50/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 1028
Shareholding Alone Does Not Authorise Shareholders To Represent Company in Court: NCLT Bengaluru
The National Company Law Tribunal (NCLT) at Bengaluru on 9 October held that shareholders cannot represent a company or prosecute legal proceedings on its behalf merely by virtue of holding shares.
A Bench of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada dismissed an application filed by five shareholders of Shree Basaveshwara Sugars Limited seeking permission to represent the company in proceedings before the Karnataka High Court challenging an arbitral award that imposed a liability of approximately Rs. 52.71 crore on the company.
Case Title : M/s Ambika Traders and Ors v. Shree Basaveshwar Sugars Limited and Ors
Case Number : CA No. 183/BB/2026 in CP No. 56/BB/2025
CITATION : 2026 LLBiz NCLT (BEN) 1040
The National Company Law Tribunal at Chennai has held that it can approve a settlement under Section 242(2) of the Companies Act, 2013, providing for a company's purchase and cancellation of a petitioner's shares and consequential reduction of share capital, without a separate application under the provisions governing capital reduction.
Case Title : C Janarthanan v. Notion Press Media Private Limited and Ors
Case Number : CP(CA)43(CHE)2024
CITATION : 2026 LLBiz NCLT (CHE) 1017
The Delhi Bench of the National Company Law Tribunal (NCLT) has directed Cyber Media Research & Services Limited and Cyber Media (India) Limited to convene meetings of their equity shareholders and unsecured creditors to consider a proposed merger by absorption.
Under the proposed scheme, Cyber Media (India) Limited, the transferee company, will absorb Cyber Media Research & Services Limited, the transferor company
Case Title : CYBER MEDIA RESEARCH & SERVICES LIMITED & CYBER MEDIA (INDIA) LIMITED
Case Number : COMPANY APPLICATION NO. (CAA)–50 (ND)/2026
CITATION : 2026LLBiz NCLT (DEL) 1070
NCLT Mumbai Allows First Motion For Reliance Defence Systems-Reliance Aerostructure Merger
The National Company Law Tribunal's Mumbai bench has allowed the first motion application filed by Reliance Defence Systems Private Limited for its proposed amalgamation with Reliance Aerostructure Limited.
A Bench of Judicial Member Ashish Kalia and Technical Member Banwari Lal Meena passed the order, issuing directions for proceeding with the merger process.
Case Title : Reliance Defence Systems Private Limited and Reliance Aerostructure Limited Case Number : CA (CAA) No. 220/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 1073
The National Company Law Tribunal's (NCLT) Mumbai Bench has held that the Central Government can initiate proceedings for oppression and mismanagement under Section 241(2) of the Companies Act, 2013, only when a company's affairs are presently being conducted in a manner prejudicial to public interest.
Case Title : UOI MCA Through Rd West V/s. Birla Cotsyn (India) Limited
Case Number : COMP.APPL. 353/2022, COMP.APPL. 332/2022 In C.P. 150/2022
CITATION : 2026 LLBiz NCLT (MUM) 1074
NCLT Bengaluru Orders Dissolution Of Chanel India Business Solutions After Voluntary Liquidation
The National Company Law Tribunal at Bengaluru has ordered the dissolution of Chanel India Business Solutions Private Limited after finding that the company's affairs had been completely wound up and its assets entirely liquidated through the voluntary liquidation process.
Case Title : M/s Chanel India Business Solutions Pvt Ltd
Case Number : CP(IB) No. 288/BB/2025
CITATION : 2026 LLBiz NCLT (BEN) 1076
NCLT Bengaluru Dissolves Sezzle Payments After Completion Of Voluntary Liquidation
The National Company Law Tribunal at Bengaluru on Friday ordered the dissolution of Sezzle Payments Private Limited following completion of its voluntary liquidation process under Section 59 of the Insolvency and Bankruptcy Code, 2016.
Case Title : Sezzle Payments Pvt Ltd
Case Number : CP(IB) No. 42/BB/2026
CITATION : 2026 LLBiz NCLT(BEN) 1077
OTHER
Bengaluru Court Orders Company To Pay ₹2.75 Lakh Legal Fees, Rejects Personal Liability Of Directors
The Bengaluru City Civil Court on 3 October held that directors cannot be held personally liable for a company's contractual debts merely because they hold office or manage its day-to-day affairs, unless an independent legal basis establishes their personal liability.
Case Title : Krishnamurthy and Co v. Moerheim Roses and Trading India Private Limited and Ors
Case Number : O.S No. 7106 of 2023