NCLT Kochi Allows First Motion For Foam Mattings–KSCCL Amalgamation Scheme

The Kochi Bench of the National Company Law Tribunal (NCLT) on 1 June allowed the first motion application for the proposed amalgamation of Foam Mattings (India) Limited (FOMIL) with The Kerala State Coir Corporation Limited (KSCCL). Judicial Member Vinay Goel and Technical Member Ravichandran Ramasamy dispensed with meetings of secured creditors after noting that creditors representing 100 per cent of the secured debt had given consent affidavits. The Bench observed: “Under Section 230(9) of...

Mere Existence Of Clause Dealing With Arbitration Does Not Mandate Arbitration Reference: NCLT Bengaluru

The National Company Law Tribunal (NCLT) at Bengaluru has recently held that the mere existence of a clause providing only for the possibility of arbitration does not require disputes to be referred to arbitration.A coram of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada dismissed an application filed by Vishrutha Dhruva and Amit Kumar Tyagi, who are parties to the Shareholders' Agreement and hold employment with Acumen Technical Advisory Pvt. Ltd. The...

No Impleadment Of Company Secretary In O&M Case Merely For Filing Statutory Forms: NCLT Guwahati

On 1 June, the Guwahati Bench of the National Company Law Tribunal (NCLT) held that a practising Company Secretary cannot be made a party in oppression and mismanagement proceedings under Sections 241 and 242 of the Companies Act, 2013 merely for certifying or filing statutory forms in the course of professional work, unless there are specific allegations of collusion or direct involvement in the company's affairs. Judicial Member Rammurti Kushawaha and Technical Member Yogendra Kumar Singh...

NCLT Bengaluru Approves Amalgamation Of Blue Planet Foods And Red Apple Kitchen Consultancy

The Bengaluru Bench of the National Company Law Tribunal (NCLT) on 29 May, approved a Scheme of Amalgamation between Blue Planet Foods Private Limited and Red Apple Kitchen Consultancy Private Limited with effect from 1 April 2024. Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada sanctioned the Scheme, holding that the arrangement satisfied the requirements under Sections 230 to 232 of the Companies Act, 2013 and warranted sanction subject to statutory...

NCLT Bengaluru Approves Puresoftware–Happiest Minds Composite Scheme Of Arrangement

The Bengaluru Bench of the National Company Law Tribunal (NCLT) on 29 May sanctioned a Composite Scheme of Arrangement between Puresoftware Technologies, a wholly owned subsidiary, and Happiest Minds Technologies Limited, a listed company. Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada held that no impediment existed to approval once the companies addressed concerns raised by statutory authorities. The Bench, however, clarified: “While approving the Scheme, it...

NCLT Bengaluru Clears Scheme Of Amalgamation Between Tritonvalves Climatech And Triton Valves Limited

The Bengaluru National Company Law Tribunal (NCLT) on 29 May 2026 sanctioned a Scheme of Amalgamation between Tritonvalves Climatech Private Limited and Triton Valves Limited after it found no impediment to approval once the companies addressed all concerns raised by statutory authorities. Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada heard the second motion petition seeking approval for the merger of the wholly owned subsidiary with the listed parent company....

NCLT Kochi Restrains Popular Finance Group Companies From Alienating Assets In SFIO-Initiated Winding-Up Pleas

The National Company Law Tribunal (NCLT) at Kochi has restrained Mary Rani Popular Nidhi Limited and other group companies from creating any third-party interest in, transferring, alienating, encumbering, or mortgaging its movable and immovable assets while considering a winding-up petition filed by the Union of India through the Serious Fraud Investigation Office (SFIO). The development comes months after the Kerala High Court closed a plea filed by the MRPN Minority Shareholders Customers...

NCLT Bengaluru Sanctions Amalgamation Scheme Of Wholly Owned Subsidiaries Into Kirloskar Electric

The Bengaluru Bench of the National Company Law Tribunal (NCLT) on 30 April 2026 sanctioned the amalgamation of Kelbuzz Trading Company Limited, Luxquisite Parkland Private Limited, SLPKG Estate Holdings Private Limited and SKG Terrra Promenade Private Limited with Kirloskar Electric Company Limited under the Companies Act, 2013.Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada allowed the second motion petition filed by the companies and approved the Scheme of...

NCLT Bengaluru Clears First Motion In Jigsaw Academy-Unext Learning Merger

The National Company Law Tribunal (NCLT) at Bengaluru has allowed the first motion application in the proposed amalgamation of Jigsaw Academy Education Private Limited with Unext Learning Private Limited. A bench of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada was dealing with the first motion application filed by the companies in relation to the proposed scheme of amalgamation. The companies stated that their respective boards approved the Scheme of...

NCLT Chennai Dismisses Oppression Plea Against Aum Consultancy, Calls Dispute Contractual

The Chennai Bench of the National Company Law Tribunal (NCLT) on 6 May dismissed a petition filed by H. Ramesh against Aum Consultancy Private Limited alleging oppression and mismanagement in the affairs of the company. Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam held that the disputes raised were contractual in nature and did not disclose any continuing oppressive conduct under Sections 241 and 242 of the Companies Act. The Bench observed: “The requirement under...

NCLT Chennai Sanctions Amalgamation of Sundaram Auto Components With TVS Motor Company

The Chennai Bench of the National Company Law Tribunal (NCLT) on 6 May approved a Scheme of Arrangement providing for the amalgamation of Sundaram Auto Components Limited (transferor company) with its holding company, TVS Motor Company Limited (transferee company). Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam passing the order sanctioning the scheme between the two companies, observed: “In the absence of any other objections having been placed on record before this...

NCLT Kochi Allows MFAR Enterprises To Issue Fresh Preference Shares Under Section 55(3) Companies Act

The National Company Law Tribunal (NCLT) at Kochi on 8 May held that Section 55(3) of the Companies Act, 2013 operates as an independent remedial mechanism where a company is unable to redeem existing preference shares, and permitted issuance of further redeemable preference shares in substitution of unredeemed shares. A Bench of Judicial Member Vinay Goel and Technical Member Ravichandran Ramasamy allowed MFAR Enterprises Private Limited's petition seeking permission to issue further...