NCLT Allahabad Clears First Motion In Salasar–Hill View Merger

The Allahabad Bench of the National Company Law Tribunal (NCLT) has allowed a first motion application in the proposed amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited, directing that stakeholder meetings be held for the transferee company while dispensing with such meetings for the transferor company. The order was passed on April 6, 2026 by a bench comprising Judicial Member Praveen Gupta and Technical Member Ashish Verma, on a joint plea moved by the two...

NCLT Mumbai Dismisses JV's Plea Over ₹4.27 Crore Claim Against ITNL, Cites Novation Of Contract

The National Company Law Tribunal (NCLT) in Mumbai has upheld the reduction of a Rs 4.27 crore claim filed by a joint venture between Amritanshu Infrastructure & Management Pvt Ltd (AIMPL) and Beigh Construction Company Pvt Ltd (BCC) against IL&FS Transport Network Ltd (ITNL), holding that the claim could not survive after the underlying contract was novated in favour of BCC. A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar ruled that once the...

NCLT Jaipur Approves Demerger Of Vishal Personal Care Into Bajaj Consumer Care

On Thursday, 9 April, the Jaipur Bench of the National Company Law Tribunal (NCLT) approved a scheme of arrangement demerging Vishal Personal Care Limited into Bajaj Consumer Care Limited. A Bench comprising Judicial Member Reeta Kohli and Technical Member Kavita Bhatnagar allowed the petition filed under Sections 230–232 of the Companies Act, 2013 seeking sanction of the demerger scheme. It held: “Upon considering the approval accorded by the Members and Creditors of the Petitioner...

Non-Compete Clause In Shareholder Agreement Binding On Auction Purchaser: NCLAT New Delhi

On 8 April, the New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) has held that non-compete obligations contained in a shareholder agreement can bind a purchaser of shares even if those obligations are not incorporated into the Articles of Association, particularly where the acquisition takes place through a liquidation auction. The Bench of Judicial Member Justice Yogesh Khanna and Technical Member Ajai Das Mehrotra observed: “If Flovel is allowed to compete with its own...

Promoter Takeover Cannot Be Treated As 'Disinvestment' Under The Companies Act: NCLT Chennai

The Chennai Bench of the National Company Law Tribunal (NCLT) on 2 April, held that a promoter-led acquisition of minority shareholding under Section 230(11) of the Companies Act, 2013 does not constitute “disinvestment”. A Bench comprising Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam dismissed an application filed by the Tamilnadu Industrial Investment Corporation Ltd (TIIC) seeking recall of a scheme of arrangement. The Tribunal observed: “It is observed that...

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...

NCLT Delhi Allows First Motion In Amalgamation Of Info Edge Subsidiaries, Orders Stakeholder Meetings

The Delhi Bench of the National Company Law Tribunal on April 7, 2026 allowed a first motion application filed by the holding company (Info Edge (India) Ltd.) behind platforms such as Naukri.com and Jeevansathi.com and directed meetings of its stakeholders in a proposed amalgamation of four wholly owned subsidiaries into it. The order was passed by a bench of Judicial Member Manni Sankariah Shanmuga Sundaram and Technical Member Atul Chaturvedi. The application was jointly filed by Info...

Removal As Director Did Not Bar Shareholder's Oppression Plea: NCLT Ahemedabad

The National Company Law Tribunal, Ahmedabad bench, held that a shareholder's right to seek relief under Section 241 of the Companies Act, 2013 for oppression and mismanagement was not extinguished by his removal as a director. However, while holding the petition to be maintainable, the tribunal ultimately dismissed a plea filed by Hardeep Singh Gill against Glulam Technologies Pvt. Ltd., finding no case of oppression or mismanagement. The bench of Judicial Member Shammi Khan and Technical...

Civil Courts Cannot Decide Shareholder Disputes Requiring Rectification Of Register: Bombay High Court

On 6 April, the Bombay High Court held that only the NCLT can decide disputes over shareholding or rectification of the register of members, and civil courts have no jurisdiction under Section 430 of the Companies Act, 2013. A Bench of Justice R.I. Chagla heard Notices of Motion in a suit filed by the son and ex-wife of a deceased shareholder of Panache Securities Pvt Ltd, who alleged that individuals claiming to act on behalf of the company fraudulently transferred shares, removed a director,...

Compromise Schemes Are Consensual, Class-Based; No Omnibus Liability Extinguishment: NCLT Hyderabad

The National Company Law Tribunal (NCLT) at Hyderabad has rejected a debt restructuring scheme proposed under Section 230 of the Companies Act during the liquidation of Sarda Agro Oils Ltd, holding that such schemes, in effect, cannot be used to grant a blanket “clean slate” by extinguishing liabilities. A bench of Judicial Member Rajeev Bhardwaj and Technical Member Sanjay Puri clarified that a scheme under Section 230 is inherently consensual and class-based, binding only identified...

Breakdown Of Trust: NCLT Mumbai Orders Buyout In Family Dispute Over Stake In R.K. Paper, Jai Kaushal Industries

The National Company Law Tribunal (NCLT) at Mumbai has ordered a buyout in a family-run company dispute, holding that a breakdown of trust in a quasi-partnership justified an exit instead of winding up. A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar, in its order dated April 7, observed, “There is a breakdown of trust and confidence amongst Petitioner group on one side and the Surendra Group, Jatindra Group and Sushil Group on the other side,” while...

NCLT Mumbai Dismisses Plea By Former Director R.C. Bawa's Wife, Daughter To Be Removed From IL&FS Proceedings

The National Company Law Tribunal at Mumbai has dismissed a plea filed by Asha Kiran Bawa and Akansha Bawa in the IL&FS proceedings, holding that they continue to be necessary parties in the Union of India's petition alleging oppression and mismanagement and large-scale financial irregularities in the company. R.C. Bawa, a former director of IFIN (IL&FS Financial Services Ltd), is the husband of Asha Kiran Bawa and the father of Akansha Bawa. A bench of Judicial Member Sushil...