NCLT Mumbai Sanctions Greenwood's Acquisition Of Aran's Stake In Aranca For ₹92.87 Lakh

On 10 June, the Mumbai Bench of the National Company Law Tribunal (NCLT) sanctioned a scheme under Sections 230 to 232 and 234 of the Companies Act, 2013, allowing Greenwood Research & Management Limited to acquire the minority shareholding of Hemendra Aran in Aranca (Mumbai) Private Limited for approximately Rs. 92.87 lakh. Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar approved the acquisition of 21,355 equity shares, which constituted 0.551% of Aranca's share...

NCLT Mumbai Allows First Motion in Alkem–Adroit Biomed Merger, Orders Shareholders' Meeting

On 10 June, the Mumbai Bench National Company Law Tribunal (NCLT), allowed the first motion application in the proposed merger of Adroit Biomed Limited with its parent company Alkem Laboratories Limited and directed Alkem to convene a shareholders' meeting to consider and approve the scheme. Judicial Member K.R. Saji Kumar and Technical Member Anil Raj Chellan observed that Alkem acquired 100% of Adroit Biomed's equity share capital on 23 April 2025, thereby making it a wholly owned subsidiary....

NCLT Ahmedabad Allows First Motion In Amalgamation Of Arcelor Mittal Nippon Steel Group Entities

The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Wednesday directed AMNS Ports India Limited to convene a meeting of its equity shareholders and AMNS Ports Hazira Limited to convene a meeting of its unsecured creditors. The directions were issued in a proposed amalgamation that would reduce the number of entities in the Arcelor Mittal Nippon Steel joint venture group in India. The tribunal dispensed with the remaining shareholder and creditor meetings sought by the...

NCLT Chandigarh Allows AmberPR–Amber Enterprises Merger First Motion, Dispenses With Meetings

The Chandigarh Bench of the National Company Law Tribunal (NCLT) on 5 June allowed the joint first motion application filed by AmberPR Technoplast India Pvt. Ltd. (Transferor Company) and Amber Enterprises India Ltd. (Transferee Company) in a scheme of amalgamation. Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal passed the order on 5 June 2026 and dispensed with the requirement of convening meetings of shareholders and creditors. The Bench observed: “It has been the...

Supreme Court Refers Jindal Poly Films Minority Shareholder's Class Action Dispute To Arbitration

The Supreme Court on Monday referred to arbitration a class action dispute brought by minority shareholders of Jindal Poly Films Ltd. over alleged undervalued related-party transactions.In doing so, it set aside NCLT and NCLAT rulings that had permitted the shareholders' Section 245 class action petition to proceed. A bench of Justices Prashant Kumar Mishra and Atul S. Chandurkar passed the order in an appeal filed by Jindal Poly Films against an NCLAT judgment dated February 26, 2026. The...

Allegations Of Oppression To Be Tested Only At Final Hearing, Not Amendment Stage: NCLT Mumbai

On 5 June, the Mumbai Bench of the National Company Law Tribunal (NCLT) held that allegations of oppression and mismanagement cannot be examined at the stage of deciding an application for amendment of pleadings in a company petition, observing that such issues can be adjudicated only at the final stage after parties are given an opportunity to contest the amended pleadings on merits. Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar allowed an amendment application...

NCLT Mumbai Orders 50% Shareholder To Exit Urja Niyojan At Nil Value Over Deadlock In Management

The Mumbai Bench of the National Company Law Tribunal (NCLT) on 3 June directed the exit of a 50% shareholder of Urja Niyojan Pvt Ltd at nil value, holding that a complete managerial deadlock and irretrievable breakdown of trust between equal shareholders had stalled the company's functioning. Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar allowed an oppression and mismanagement petition filed by promoter and director Madhav Shridhar Dandavate against co-promoter...

NCLT Chandigarh Approves ₹8,000 Crore Share Capital Reduction Plan Of General Motors India

The Chandigarh bench of the National Company Law Tribunal (NCLT) has approved General Motors India Private Limited's application for reduction of its share capital by ₹8,000 crore. The reduction will allow the company to set off accumulated losses of ₹7,560 crore and pay ₹440 crore to its equity shareholders. The order was passed on June 4 by Judicial Member Khetrabasi Biswal and Technical Member Kaushalendra Kumar Singh. Directing the company to protect the interests of tax authorities and...

NCLT Ahmedabad Directs Equity Shareholders' Meeting For Omkar Overseas Capital Reduction Plan

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Omkar Overseas Limited to convene a meeting of its equity shareholders to consider a proposed scheme of arrangement involving reduction of share capital. The tribunal dispensed with the meeting of unsecured creditors. It also noted that the company has no secured creditors. The order was passed on June 4 by Judicial Member Chitra Hankare and Technical Member Dr V.G. Venkata Chalapathy. Omkar Overseas Limited...

NCLT Allahabad Allows First Motion In Merger Of Eight Radico Group Companies With Radico Khaitan

The Allahabad Bench of the National Company Law Tribunal (NCLT) has allowed a first-motion application for the proposed amalgamation of eight Radico group companies, including Radico Spiritzs India Pvt. Ltd., with listed company Radico Khaitan Ltd. The order was passed on June 1, 2026, by a bench of Judicial Member Praveen Gupta and Technical Member Ashish Verma. The application was jointly filed by Radico Spiritzs India Pvt. Ltd., Equibuild Realtors Pvt. Ltd., Compaqt Era Builders Pvt. Ltd.,...

NCLT Mumbai Allows Amendment Of Oppression, Mismanagement Plea Against Shajas Developers

The National Company Law Tribunal (NCLT) at Mumbai has allowed an application filed by Moniveda Consultants LLP and shareholder Rajat Jhunjhunwala seeking amendment of their oppression and mismanagement petition against Shajas Developers Pvt Ltd and others. The tribunal held that developments connected with the allegations already raised in the company petition can be brought on record for effective adjudication of the dispute. A bench of Judicial Member K.R. Saji Kumar and Technical Member...

NCLT Mumbai Allows MCA Plea To Pursue Milind Patel, Others For Alleged IL&FS Fraud

The National Company Law Tribunal (NCLT) at Mumbai on Thursday allowed the Ministry of Corporate Affairs (MCA) to amend its pending IL&FS mismanagement petition. The amendment introduces a prayer under Section 339 of the Companies Act, 2013 which permits the Tribunal to hold persons who knowingly participated in fraudulent conduct personally liable to compensate creditors and other victims against Milind Patel and several other individuals named in the SFIO investigation report relating to...