NCLT Guwahati Dismisses Department's Sapphire Suppliers Restoration Plea, Says NCLAT Appeal Pending

The National Company Law Tribunal (NCLT) at Guwahati has dismissed the Income Tax Department's petition seeking restoration of Sapphire Suppliers Private Limited, holding that the issue was already pending before the National Company Law Appellate Tribunal (NCLAT) and that proceeding with the petition could lead to conflicting decisions and multiplicity of proceedings. A Bench of Judicial Member Rammurti Kushawaha and Technical Member Yogendra Kumar Singh held that the petition should not be...

Companies Act Sec. 131 Doesn't Bar 3rd Party Impleadment Under NCLT's Inherent Powers: NCLT Bengaluru

The National Company Law Tribunal (NCLT) at Bengaluru has held that the absence of an express provision for impleading third parties under Section 131 of the Companies Act, 2013 does not curtail its inherent powers under Rule 11 of the NCLT Rules, 2016 to permit the participation of persons necessary for effective adjudication. Section 131 permits a company to revise its financial statements or Board's report when they do not comply with the provisions of the Act.A Bench of Judicial Member Sunil...

NCLT Chennai Directs Meetings For California Burrito Merger With Burrito Restaurants

The National Company Law Tribunal (NCLT) at Chennai recently allowed an application in connection with the proposed amalgamation of California Burrito, a Singapore-incorporated Mexican food chain, with Burrito Restaurants Private Limited. It directed Burrito Restaurants to convene separate meetings of its equity shareholders, preference shareholders and unsecured creditors to consider the scheme.A bench comprising Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam passed...

NCLT Mumbai Allows First Motion For Amalgamation Of Tata Motors' Wholly Owned Subsidiaries With It

The National Company Law Tribunal at Mumbai has allowed the first motion application for the proposed amalgamation of Tata Motors Limited's direct and indirect wholly owned subsidiaries, TMF Holdings Limited and TMF Business Services Limited, with Tata Motors. Judicial Member K.R. Saji Kumar and Technical Member Anil Raj Chellan ruled that meetings of Tata Motors' shareholders and creditors need not be held to consider the scheme. The bench, however, directed Tata Motors to notify them and give...

NCLT Ahmedabad Sanctions Essar Scheme, Approves Brand Demerger And ₹875 Crore CCPS Restructuring

The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 31 August sanctioned a composite scheme of arrangement providing for the demerger of the brand undertaking of Abhinand Ventures Pvt. Ltd. (AVPL) into Essar Power Ltd. (EPOL), along with restructuring of EPOL's 0.01% Compulsory Convertible Cumulative Preference Shares (CCPS). A Bench comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma sanctioned the Scheme after finding that it complied with the statutory...

NCLT Indore Admits Second Motion In Composite Scheme Of HEG Demerger and Bhilwara Energy Merger

The Indore Bench of the National Company Law Tribunal (NCLT) has sanctioned a composite scheme of arrangement involving HEG Ltd, HEG Graphite Ltd and Bhilwara Energy Ltd under Sections 230 to 232 of the Companies Act, 2013. A Bench of Judicial Member Brajendra Mani Tripathi and Technical Member Man Mohan Gupta sanctioned the scheme, which provides for the demerger of HEG Ltd's graphite business into HEG Graphite Ltd and the amalgamation of Bhilwara Energy Ltd into HEG Ltd. It held: “…the...

NCLT Chennai Approves Veranda Learning's Amalgamation-Demerger Scheme

The National Company Law Tribunal (NCLT), Chennai has approved the amalgamation of Veranda XL Learning Solutions Private Limited (VXLS) with Veranda Learning Solutions Limited (VLS) and the subsequent demerger of VLS's Commerce Education Business into J.K. Shah Commerce Education Limited (JSCEL).A Bench comprising Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam sanctioned a Composite Scheme of Arrangement, observing:“In the absence of any other objections having been...

NCLT Allahabad Directs Restoration Of ACDI VOCA's Name Wrongly Struck Off Under FTE Scheme

The Allahabad Bench of the National Company Law Tribunal (NCLT) has ordered restoration of ACDI VOCA Social Development Organisation's name to the Register of Companies after finding that it had been struck off under the Fast Track Exit (FTE) Scheme despite being a Section 25 company. A Section 25 company is a not-for-profit company formed for specified public-benefit purposes under the Companies Act, 1956.Judicial Member Praveen Gupta and Technical Member Ashish Verma held: “It is evident from...

NCLT Chennai Approves TVS Holdings Scheme For 46 Bonus Preference Shares Per Equity Share

The National Company Law Tribunal (NCLT) at Chennai on 18 August sanctioned a Scheme of Arrangement proposed by TVS Holdings Limited to issue 46 bonus preference shares to its equity shareholders for every one equity share held by them. A Bench comprising Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam approved the Scheme, observing that it appeared to be beneficial to the shareholders and would not be detrimental to their interests. It held: “...this Tribunal is of...

NCLT Bengaluru Approves Merger Of Aureustech Systems With Happiest Minds Technologies

On 10 August, the National Company Law Tribunal (NCLT) at Bengaluru sanctioned the Scheme of Amalgamation between Aureustech Systems Private Limited and Happiest Minds Technologies Limited, with 1 April 2026 as the appointed date. A Bench comprising Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada approved the Scheme. They observed: “The requisite undertakings have been furnished and certification completed. Perceptibly the concerned Statutory Authorities are...

NCLT Ahmedabad Sanctions Amalgamation Of UIB Insurance Brokers With Edme Insurance Brokers

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has sanctioned the amalgamation of UIB Insurance Brokers (India) Pvt. Ltd. with Edme Insurance Brokers Ltd., allowing UIB to be merged into Edme.A bench of Judicial Member Chitra Hankare and Technical Member Dr. Velamur G. Venkata Chalapathy approved the scheme after finding the statutory requirements met. The tribunal held that the scheme was bona fide and in shareholders' and creditors' interest.The scheme provides for UIB, the...

NCLT Delhi Sanctions Amalgamation Of Ambrosia Corner House With Kafila Hospitality

The New Delhi bench of the National Company Law Tribunal (NCLT) has sanctioned the amalgamation of Ambrosia Corner House Private Limited with Kafila Hospitality and Travels Private Limited.The order was passed by Judicial Member Jyotsna Sharma and Technical Member Anu Jagmohan Singh on July 2. The bench observed that shareholders are the best judges of their commercial interests and that the tribunal is not required to examine the merits of their commercial decision.“It is settled law that...