NCLT Ahmedabad Approves Amalgamation Of Adani Group Subsidiaries, Dispenses With Statutory Meetings

The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 20 April approved a scheme of amalgamation among wholly owned subsidiaries of Adani Energy Solutions Ltd. and dispensed with statutory meetings after recording unanimous consents of shareholders and creditors under Sections 230–232 of the Companies Act, 2013. A Bench of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma allowed the company application filed by Gopalaya Build Estate Pvt. Ltd., Adani Transmission...

NCLT Allahabad Sanctions Amalgamation Of Advanced Rail Controls With Concord Control Systems

The Allahabad Bench of the National Company Law Tribunal (NCLT) on 15 April 2026 sanctioned a scheme of amalgamation under Sections 230–232 of the Companies Act, 2013, approving the merger of Advanced Rail Controls Private Limited (transferor company) with Concord Control Systems Limited (transferee company), with effect from the appointed date of 1 April 2025. A Bench comprising Judicial Member Praveen Gupta and Technical Member Ashish Verma allowed the petition and brought the scheme into...

NCLT Mumbai Allows First Motion For Merger Of Emerson Process Management India With Emerson Electric India

The NCLT Mumbai has approved the first motion in the scheme of amalgamation whereby Emerson Process Management Power and Water Solutions India Pvt Ltd. (transferor company) will merge into Emerson Electric Company (India) Pvt Ltd. (transferee company), both engaged in industrial automation, process management, network power, and climate technology solutions.A bench of Judicial Member K.R. Saji Kumar and Technical Member Anil Raj Chellan passed the order on April 20, allowing the application...

NCLT Delhi Approves Powerlinks Transmission Scheme To Reclassify Reserves Into Retained Earnings

The National Company Law Tribunal (NCLT) at the New Delhi bench has recently sanctioned a scheme of arrangement of Powerlinks Transmission Limited involving the reclassification of Rs. 78.83 crore from its general reserves into retained earnings, holding that it is “not prejudicial to the interest of the equity shareholders and creditors.” The order dated April 16, 2026 was passed by Acting President Bachu Venkat Balaram Das and Technical Member Ravindra Chaturvedi on a second motion petition...

Transfer Of Unclaimed Shares To IEPF Does Not Extinguish Ownership: NCLT Jaipur

The National Company Law Tribunal (NCLT) at Jaipur has recently held that the transfer of unclaimed shares and dividends to the Investor Education and Protection Fund (IEPF) does not extinguish ownership and directed Shree Cement Ltd. to issue duplicate share certificates to Sumati Projects Limited. “The transfer to IEPF does not extinguish the underlying ownership of the Petitioner; it only transfers the unclaimed shares and dividends to the Fund. The Company is still duty-bound to issue...

NCLT Mumbai Refuses To Unwind IL&FS–SREI Transactions, Applies Doctrine Of Election

The Mumbai Bench of the National Company Law Tribunal (NCLT) on 13 April held that a party which has consistently treated transactions as valid, independent and enforceable cannot later seek to unwind them by taking a contradictory stand. Applying the doctrine of election and the principle that one cannot approbate and reprobate, a Bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar refused to unwind financial transactions between Infrastructure Leasing and...

NCLT Chennai Approves Roots Multi Clean Capital Reduction, Says Valuation Approval Is Majority's Wisdom

The National Company Law Tribunal (NCLT) at Chennai has recently declined to interfere with a share capital reduction scheme of an industrial cleaning equipment manufacturer, holding that valuation of shares falls within the commercial wisdom of the majority of shareholders and warrants no interference absent compelling reasons. A bench of Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy observed,“. …the approval of the valuation is ultimately a matter of the...

NCLT Amaravati Dismisses Plea To Rectify Blue Ocean Minerals' Register Of Members, Finds No Valid Share Allotment

The National Company Law Tribunal's Amaravati Bench has dismissed a plea for rectification of the register of members after holding that the petitioners failed to establish valid allotment of shares and their status as shareholders. A bench of Judicial Member Kishore Vemulapalli and Technical Member Umesh Kumar Shukla, while dismissing the petition by Velagapudi Vedavathi and others, who claimed to be shareholders of Blue Ocean Minerals Pvt. Ltd., observed: “In light of the foregoing analysis,...

NCLT Bengaluru Approves Fintech Firms Khosla Labs-Novopay Solutions Scheme Of Amalgamation

On 9 April, the Bengaluru Bench of the National Company Law Tribunal (NCLT) approved the merger of Khosla Labs Private Limited with Novopay Solutions Pvt Ltd, holding that the scheme met all statutory requirements and that no objections were received from regulatory authorities. A Bench comprising Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada sanctioned the scheme of amalgamation under the Companies Act, 2013, observing: “Accordingly, the Scheme of...

Scheme Of Arrangement Cannot Be Used To Bypass Mandatory Capital Reduction Procedure: NCLT Mumbai

The Mumbai Bench of the National Company Law Tribunal (NCLT) held that a scheme of compromise or arrangement under Section 230 of the Companies Act, 2013 cannot be used to bypass the specific statutory mechanism prescribed for reduction of share capital under Section 66.On 10 April, a Bench comprising Judicial Member Ashish Kalia and Technical Member Sanjiv Dutt dismissed a company petition filed by Bangalore Elevated Tollway Pvt Ltd seeking approval for reduction of share capital of about Rs....

NCLT Ahmedabad Allows First Motion in Triumph Offshore–Swan Defence Merger

On 13 April 2026, the Ahmedabad National Company Law Tribunal (NCLT) approved the first motion application filed jointly by Triumph Offshore Pvt. Ltd. and Swan Defence and Heavy Industries Ltd., in proceedings seeking sanction of their proposed scheme of arrangement and amalgamation under Sections 230–232 of the Companies Act, 2013. A Bench comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma reiterated that shareholder and creditor meetings may be dispensed with...

NCLT Allahabad Clears First Motion In Salasar–Hill View Merger

The Allahabad Bench of the National Company Law Tribunal (NCLT) has allowed a first motion application in the proposed amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited, directing that stakeholder meetings be held for the transferee company while dispensing with such meetings for the transferor company. The order was passed on April 6, 2026 by a bench comprising Judicial Member Praveen Gupta and Technical Member Ashish Verma, on a joint plea moved by the two...