NCLT Indore Restores Mandovi Marine Pvt. Ltd. Despite Non-Filing Since 1991

The Indore Bench of the National Company Law Tribunal (NCLT) on 2 June, allowed restoration of Mandovi Marine Pvt. Ltd. under Section 252(3) of the Companies Act, 2013, despite the company's prolonged failure to file statutory returns and balance sheets since 1991. Judicial Member Brajendra Mani Tripathi and Technical Member Man Mohan Gupta held that restoration was just and equitable in the circumstances of the case and allowed the petition filed by shareholders Dileep Naik and Bharati Dilip...

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 Mumbai Sanctions Merger Of Oliver Engineering, Adicca Energy Solutions With Kirloskar Ferrous Industries

The Mumbai Bench of the National Company Law Tribunal (NCLT) on 2 June sanctioned a Scheme of Amalgamation providing for the merger of Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited with Kirloskar Ferrous Industries Limited (KFIL) under Sections 230 to 232 of the Companies Act, 2013. A Bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar allowed the scheme, observing: “Finding the scheme fair, reasonable and not contrary...

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 Approves Merger Of Buildtech Products India With Thermax, Terms Scheme Fair And Reasonable

On 2 June, the Mumbai National Company Law Tribunal (NCLT) sanctioned the merger by absorption of Buildtech Products India Private Limited with Thermax Limited under Sections 230 to 232 of the Companies Act, 2013. A Bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar held that the scheme is fair, reasonable, and not contrary to public policy. It observed: “From the material on record, the Scheme appears to be fair and reasonable and is not in violation...

NCLT Mumbai Clears First Motion In GE Power India–JSW Energy Durgapur Demerger Scheme

The Mumbai Bench of the National Company Law Tribunal (NCLT) on 2 June cleared the first motion application in the proposed demerger of the Durgapur manufacturing business of GE Power India Limited into JSW Energy Limited. A Bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar directed the convening of meetings of shareholders and unsecured creditors of both companies to consider the scheme under Sections 230 to 232 of the Companies Act, 2013. The...

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 Indore Restores Struck-Off Company On IT Department's Plea, Affirms Locus As “Creditor” U/S 252(3)

The Indore Bench of the National Company Law Tribunal (NCLT) on 4 May allowed an appeal filed by the Income Tax Department seeking restoration of a struck-off company, holding that the Department qualifies as a “creditor” under Section 252(3) of the Companies Act, 2013 and is entitled to seek revival to pursue pending reassessment proceedings. Judicial Member Brajendra Mani Tripathi and Technical Member Man Mohan Gupta allowed the appeal and directed restoration of Adaptec Real Estate Pvt. Ltd....

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....

Resigned Director Cannot Claim Oppression Solely On Ground Of Subsequent Board Changes: NCLT Kolkata

The National Company Law Tribunal (NCLT), Kolkata Bench, has held that a shareholder who continues to remain a member of a company can maintain a petition alleging oppression and mismanagement even after resigning as a director. However, it clarified that a person who has resigned from the board cannot subsequently complain of oppression merely on the ground that the board's composition changed after their resignation. A Bench of Judicial Member Bidisha Banerjee and Technical Member Siddharth...

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 New Delhi Rejects Plea To Shift Chennai Bench Case, Finds No Ground For Alleged Bias

On 20 May, the Principal Bench of the National Company Law Tribunal (NCLT) at New Delhi dismissed a transfer application seeking shifting of a pending company petition from the NCLT Chennai Bench-II to another Bench, holding that vague and unsubstantiated allegations of bias cannot justify transfer of proceedings. President Justice Anupinder Singh Grewal reiterated that courts cannot entertain such requests based on dissatisfaction with earlier outcomes, as doing so would encourage bench...