NCLT Chennai Allows Stakeholder Meetings On Renault-Nissan's Demerger Of Powertrain Business

The National Company Law Tribunal (NCLT) at Chennai has allowed Renault Nissan Automotive India Private Limited and Renault India Powertrain Private Limited to hold shareholder and creditor meetings for a proposed scheme to demerge Renault Nissan's Powertrain Manufacturing Business into Renault India Powertrain Private Limited.A coram of Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam passed the order on August 11, 2026.Under the scheme, Renault-Nissan's Powertrain...

NCLT Delhi Allows First Motion In Jakson Limited's Demerger Into Jakson Powergen, Orders Creditor Meetings

The Delhi bench of the National Company Law Tribunal (NCLT) has recently allowed the first motion application filed by Jakson Limited and Jakson Powergen Limited for a proposed demerger. Under the scheme, Jakson Limited is the demerged company, and Jakson Powergen Limited is the resulting company. The bench directed Jakson Limited to convene meetings of its secured and unsecured creditorsThe bench comprising Judicial Member Jyotsna Sharma and Technical Member Anu Jagmohan Singh dispensed with...

NCLT Delhi Directs Stakeholder Meetings For Avinya Batteries-PPAP Automotive Amalgamation

The Delhi Bench of the National Company Law Tribunal (NCLT) has directed the convening of meetings of creditors of Avinya Batteries Limited and meetings of equity shareholders and creditors of PPAP Automotive Limited to consider the proposed scheme of amalgamation of Avinya Batteries into PPAP Automotive. The Tribunal, however, dispensed with the meeting of Avinya Batteries' shareholders, as all seven equity shareholders had consented to the scheme.The bench comprising Judicial Member Justice...

NCLT Delhi Approves Western UP Tollway Scheme, Slashing Equity Capital From ₹114.87 Crore To ₹1.48 Crore

The New Delhi bench of the National Company Law Tribunal (NCLT) has sanctioned a scheme of arrangement for Western UP Tollway Pvt. Ltd. The scheme cuts paid-up equity share capital from Rs 114.87 crore to Rs 1.48 crore.The bench comprising Judicial Member Bachu Venkat Balaram Das and Technical Member Ravindra Chaturvedi observed that the scheme did not appear prejudicial to shareholders or creditors.“This Tribunal is of the considered view that the Scheme of Arrangement proposed amongst the...

NCLT Ahmedabad Sanctions Vitanosh-Lactose India Merger, Condones Filing Delay

The Ahmedabad National Company Law Tribunal (NCLT) on 5 August sanctioned the Scheme of Amalgamation of Vitanosh Ingredients Pvt. Ltd. with Lactose (India) Ltd., holding that the scheme was prima facie beneficial to the companies and would not prejudice their shareholders or creditors. A Bench of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma condoned the procedural delay in filing the application and made the scheme effective from the Appointed Date of 1 October 2024, making...

NCLT Mumbai Dismisses SFIO's ₹100.50 Crore Disgorgement Plea Over Aircel Shareholding Transaction

The National Company Law Tribunal's (NCLT) Mumbai bench has dismissed the Serious Fraud Investigation Office's plea seeking disgorgement of ₹100.50 crore over a transaction involving shareholders of Aircel Group entities holding that the payment did not take place in the affairs of the Aircel entities.The dispute centred on an IP Call Option Agreement dated January 20, 2006, under which Sindya Securities & Investments Pvt Ltd (SSIPL) had an option to acquire 24,324,324 shares held by Deccan...

Shareholder With Less Than 10% Holding Can Pursue Oppression Petition With NCLT Exemption: NCLT Kochi

The National Company Law Tribunal (NCLT) at Kochi has clarified that a shareholder holding less than 10% of a company's share capital is not barred from filing an oppression and mismanagement petition, subject to obtaining the requisite exemption from the tribunal.A coram of Judicial Member Vinay Goel and Technical Member Ravichandran Ramasamy made the observation while dismissing two applications challenging the maintainability of an oppression and mismanagement plea against Vettathu Nadu...

NCLT Ahmedabad Sanctions Merger Of Triumph Offshore With Swan Defence And Heavy Industries

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has sanctioned the merger of Triumph Offshore Private Limited (TOPL) with Swan Defence and Heavy Industries Limited (SDHIL), two group companies involved in activities including the purchase, sale, charter hire, construction, and repair of ships, boats and vessels.The scheme takes April 1, 2024 as its appointed date. The order was pronounced on August 6, 2026 by Judicial Member Shammi Khan and Technical Member Sanjeev Sharma.The...

NCLT Chennai Allows First Motion For Sun Direct GO Merger With Parent Sun Direct TV

The National Company Law Tribunal at Chennai has allowed a first-motion application for the proposed amalgamation of Sun Direct GO Private Limited, which runs an OTT streaming platform, with its wholly owned parent, Sun Direct TV Private Limited, and dispensed with meetings of the Transferor Company's equity shareholders and creditors.A coram of Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy also dispensed with the requirement for Sun Direct TV to file a separate...

NCLT Mumbai Directs Meetings Of Shareholders, Unsecured Creditors In Siemens Gamesa Group Merger

On August 6, the National Company Law Tribunal at Mumbai directed the convening of meetings of the equity shareholders and unsecured creditors of Siemens Energy Industrial Turbomachinery India Pvt. Ltd.The Tribunal passed te order in connection with a composite scheme of arrangement and amalgamation involving Siemens Gamesa Renewable Energy Projects Pvt Ltd, Siemens Energy Industrial Turbomachinery India Pvt Ltd and Siemens Gamesa Renewable Power Pvt Ltd.A Bench of Judicial Member K.R. Saji...

NCLT Jaipur Clears ₹288.37 Crore Resolution Plan For Holiday Inn Jaipur City Centre Operator ACCIL

The National Company Law Tribunal at Jaipur has approved the ₹288.37 crore resolution plan submitted by Oriental Structural Engineers Private Limited (OSEPL) for ACCIL Corporation Private Limited, which owns and operates the five-star Holiday Inn Jaipur City Centre.The approved resolution plan has a total value of ₹288.37 crore and was unanimously approved by the Committee of Creditors.A coram of Judicial Member Reeta Kohli and Technical Member Kavita Bhatnagar passed the order. The application...

NCLT Mumbai Issues Contempt Show Cause Notice To Atlas Equifin In Dispute With Jackie Shroff

The National Company Law Tribunal (NCLT) at Mumbai has issued a show cause notice for contempt against Atlas Equifin Pvt. Ltd. in a dispute with actor Jackie Shroff. The tribunal found that the company repeatedly failed to comply with its directions to pay the admitted buyback consideration.A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar observed that Atlas Equifin's defiance of the Tribunal's orders was apparent and issued a show cause notice under Section...