Aakash Undertakes Before Supreme Court To Secure Byju's Parent's 25.75% Stake In Aakash Pending Rights Issue Dispute

The Supreme Court on Tuesday disposed of an appeal filed by Think & Learn Pvt Ltd, the parent company of Byju's, after recording a statement on behalf of Aakash Educational Services Ltd that 25.75% of stake in Aakash shall remain secured till the disposal of a pending interlocutory application before the National Company Law Appellate Tribunal (NCLAT), Chennai. The top court also granted Think & Learn one more week's time till next Monday to subscribe to the second tranche of Aakash's...

Byju's Parent Moves Supreme Court To Stall Second Tranche Of Aakash ₹240 Crore Rights Issue

Think & Learn Pvt. Ltd., which owns edtech major Byju's, has moved the Supreme Court against a National Company Law Appellate Tribunal (NCLAT) order that allowed Aakash Educational Services Ltd. to proceed with the second tranche of its Rs. 240 crore rights issue. The NCLAT permitted Think & Learn to apply for shares up to its original 25.75% entitlement. It also restrained Aakash from taking up any matter requiring a special resolution until the dispute is decided. A bench of Justices...

NCLT Chandigarh Approves Merger Of Bhamini Real Estate, DLF Urban Into DLF Home Developers

The National Company Law Tribunal (NCLT) at Chandigarh has sanctioned a scheme of amalgamation under which Bhamini Real Estate Developers Private Ltd and DLF Urban Private Ltd will merge into DLF Home Developers Ltd. The transferor companies shall stand dissolved without winding up. The order was passed by Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal. The joint petition was filed under Sections 230 to 232 of the Companies Act, 2013, seeking approval of the merger of...

Former District Judge Deep Chandra Joshi To Serve As Acting President Of NCLT

The Ministry of Corporate Affairs on Friday has notified that Shri Deep Chandra Joshi, Former District Judge, has been appointed as the Acting President of the National Company Law Tribunal with effect from 14 February 2026. He is currently the senior-most member of the NCLT.As per the notification, this follows after the tenure of Justice (Retired) Ramalingam Sudhakar as President of NCLT on 13 February 2026. Invoking Section 415 (1) of the Companies Act, 2013, the Ministry clarified that Deep...

Calcutta High Court Refuses To Quash LOC Against Former Elder Pharma Employee In ₹1,300 Crore SFIO Probe

The Calcutta High Court has refused to quash a Look Out Circular issued against Debanjan Hazra, a former employee of Elder Pharmaceuticals now settled in China, in connection with an SFIO probe into the alleged siphoning of Rs 1,300 crore from the company.Justice Krishna Rao delivered the judgment on February 13, 2026 while hearing a writ petition filed by Hazra challenging the LOC dated February 7, 2025. “In view of the above, this Court did not find any justification to set aside or quash the...

NCLT Ahmedabad Clears First Motion In Vitanosh Ingredients–Lactose India Merger

The National Company Law Tribunal (NCLT) at Ahmedabad has cleared the first motion in the proposed amalgamation of Vitanosh Ingredients Private Limited, a dairy products company with listed lactose manufacturing company Lactose (India) Limited. A coram of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma directed Lactose (India) Limited to convene a meeting of its 16,900 equity shareholders on March 28, 2026 at 10:30 AM through video conferencing or other audio-visual means. The...

NCLT Mumbai Approves First Motion For Demerger Of Dairy Undertaking Of Sarda Dairy Into Chhattisgarh Investments

The National Company Law Tribunal (NCLT) at Mumbai has allowed the first motion application in a scheme providing for the demerger of the dairy undertaking of Sarda Dairy & Food Products Ltd into Chhattisgarh Investments Ltd. The scheme provides for reorganisation of reserves, reduction of share capital and demerger of the dairy undertaking into Chhattisgarh Investments Ltd. The order was passed by a coram of Judicial Member K.R. Saji Kumar and Technical Member Anil Raj Chellan on...

NCLT Mumbai Clears First Motion For Merger Of Tech Mahindra's Three Wholly Owned Subsidiaries

The National Company Law Tribunal (NCLT) at Mumbai has allowed the first motion application in a scheme to merge three wholly owned subsidiaries of Tech Mahindra Ltd, namely Zen3 Infosolutions Pvt Ltd, Tech Mahindra Enterprise Services Ltd and Begig Pvt Ltd, with the parent company.The order was delivered on February 12, 2026 in a Company Application filed under Sections 230 to 232 of the Companies Act, 2013. The scheme had earlier been approved by the boards of the four companies on April 24,...

Oppression Petition Not Maintainable Where The Principal Relief Sought Is Winding Up: NCLT Amaravati

The National Company Law Tribunal at Amaravati recently held that a petition alleging oppression and mismanagement cannot be used as a substitute for winding-up proceedings, and that maintainability must be tested on the basis of the pleadings as originally filed. The Tribunal reiterated that a petition inherently defective at inception cannot be cured by subsequently abandoning a substantive prayer. On 11 February, a Bench comprising Judicial Member Kishore Vemulapalli and Technical Member...

NCLT Chandigarh Clears First Motion For Panasonic Life Solutions To Demerge Its White Goods Business

The National Company Law Tribunal (NCLT) at Chandigarh has allowed the first-motion application seeking directions to convene meetings in connection with a composite scheme of demerger proposed by Panasonic Life Solutions India Pvt Ltd and Panasonic India Pvt Ltd. The scheme provides for the demerger of the white goods business of Panasonic Life Solutions India and its vesting in Panasonic India Pvt Ltd. The order was passed by a coram comprising Judicial Member Khetrabasi Biswal and Technical...

Recovery Impact Not Valid Ground To Oppose Transfer Of Winding-Up Proceedings To NCLT: Bombay High Court

The Bombay High Court has recently observed that objections raised by secured creditors and the Official Liquidator to the transfer of winding-up proceedings from the High Court to the National Company Law Tribunal (NCLT) cannot be sustained merely because such a transfer may affect their recovery actions. Justice Arif S. Doctor made the observation while allowing a company application filed by Sahjun Impex Trading Pvt. Ltd. The application sought transfer of a pending winding-up petition...

Coercive Action Against Members Backing Oppression, Mismanagement Cases Undermines Statutory Rights: NCLT Kolkata

The National Company Law Tribunal (NCLT) at Kolkata has granted limited interim protection to the former president of Asansol Club Ltd and another supporting member. It observed that allowing disciplinary or coercive action against members backing oppression and mismanagement proceedings during their pendency could undermine the very object of the Companies Act. A coram comprising Judicial Member Bidisha Banerjee and Technical Member Siddharth Mishra allowed an application seeking waiver of the...