NCLT Delhi Clears First Motion For Amalgamation Between Equinox India Infraestate And Spero Properties

The Delhi Bench of the National Company Law Tribunal (NCLT) on Wednesday allowed a first-motion application relating to a proposed amalgamation of Equinox India Infraestate Limited with Spero Properties and Services Private Limited.

A coram of Judicial Member Jyotsna Sharma and Technical Member Anu Jagmohan Singh, after noting that the equity shareholders, secured creditors, and unsecured creditors of the transferee company had given their written consent, dispensed with the requirement of convening their meetings and directed that notices be issued to the concerned statutory authorities.

Equinox India Infraestate Limited, which is the transferee company, was incorporated in 2007 as a public limited company. The scheme placed before the tribunal provides for the absorption of Spero Properties and Services Private Limited, a private limited company incorporated in 2017.

Resolutions approving the scheme were passed by the boards of both companies on January 27, 2026. The scheme mentions April 1, 2025, as the appointed date for the amalgamation. This is subject to any other date the Tribunal may fix while considering the matter further.