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...

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...