LiveLawBiz Company Law Monthly Digest: August 2026
Shilpa Soman
1 Sept 2026 4:08 PM IST
SUPREME COURT
Supreme Court Dismisses NSEL Plea For Joint Trial In Two CBI Cases Over 2013 Payment Crisis
The Supreme Court on Wednesday dismissed National Spot Exchange Ltd.'s (NSEL) challenge to the Bombay High Court's March 27, 2026 judgment.
The Bombay High Court had refused to direct a joint trial in two CBI cases arising from the alleged 2013 NSEL payment crisis.
Case Title : National Spot Exchange Limited vs The Central Bureau of Investigation Bank Securities and Fraud Cell
Case Number : Diary No. 37177 of 2026
CITATION : 2026 LLBiz SC 270
Supreme Court To Examine If Winding-Up Petitions Transferred From HC To NCLT Must Meet IBC Threshold
The Supreme Court on Wednesday agreed to examine whether a winding-up petition filed before a High Court can be subjected to the ₹1 crore minimum default threshold under the Insolvency and Bankruptcy Code after being transferred to the National Company Law Tribunal.
Case Title : M/S AIDEM VENTURES PVT. LTD. VS. M/S. SKYLINE RADIO NETWORK LTD. Case Number : DIARY NO. - 40757/2026
The Supreme Court recently reserved its verdict on a miscellaneous application filed by a group of 29 minority shareholders seeking recall of its June 8, 2026 order referring the Jindal Poly Films Ltd class action dispute to arbitration.
Case Title : JINDAL POLY FILMS LTD vs MONET SECURITIES PRIVATE LIMITED & ORS. Case Number : Diary No. 37515/2026
HIGH COURTS
The Kerala High Court on 30 July held that parties cannot invoke its supervisory jurisdiction under Article 227 of the Constitution to seek interim relief in execution proceedings when connected appeals involving the same dispute are already pending before the Supreme Court.
Case Title : RBG Enterprises Private Limited and Ors v. Raj Kumar Gupta and Ors
Case Number : OP(C) No. 233 of 2026
CITATION : 2026 LLBiz HC(KER) 154
The Calcutta High Court has recently held that a Chartered Accountant certifying a false statutory return or e-form can face prosecution if there are specific allegations showing that the professional knowingly participated in the falsification or actively connived in it.
Case Title : REGISTRAR OF COMPANIES, WEST BENGAL -VS- RANJAN MEGHANI
Case Number : CRR 4267 OF 2022
CITATION : 2026 LLBiz HC (CAL) 190
The Bombay High Court has recently held that a company cannot rely on its own failure to frame an Employee Stock Option Plan (ESOP) to deny an employee equity that was offered as part of his remuneration package.
Case Title : Waterfield Advisors Private Limited vs Sridhar Kurpad
Case Number : COMM ARBITRATION PETITION NO. 1149 OF 2025
CITATION : 2026 LLBiz HC (BOM) 449
The Delhi High Court has upheld an order directing restoration of the shareholding pattern of Moral Properties Private Limited after its Board allotted 964 fresh shares while a restraint order concerning the company's properties was in force.
Case Title : Veena Solanki and Ors v. Karuna Singh and Ors
Case Number : FAO 28/2019
CITATION : 2026 LLBiz HC(DEL) 809
The Delhi High Court recently ruled that votes cast “for, with modification” cannot automatically be treated as unconditional assent to a Revival Scheme under the Companies Act, 1956.
The court must first examine the legal effect of the conditions attached to those votes before deciding whether they amount to approval of the Scheme.
Case Title : Vineet Goel v. A.N Buildwell Private Ltd and Ors
Case Number : Co.App 11/ 2020
CITATION : 2026 LLBiz HC(DEL) 819
The Bombay High Court on 20 August held that a financial creditor can seek transfer of winding up proceedings to the National Company Law Tribunal (NCLT) for revival under the Insolvency and Bankruptcy Code, 2016 (IBC), even where secured creditors have sold the company's assets outside the winding up proceedings, as such sale does not by itself make revival irreversible.
Case Title : Omkara Assets Reconstruction Pvt Ltd vs Sahjun Impex Trading Pvt Ltd
Case Number : APPEAL (L) NO.6326 OF 2026
CITATION : 2026 LLBiz HC (BOM) 469
Delhi High Court Dismisses Anil Biyani's Challenge To SFIO Probe, Says Mumbai Has Principal Nexus
The Delhi High Court on 25 August dismissed Future Group Director, Anil Laxminarayan Biyani's, challenge to the Ministry of Corporate Affairs' (MCA) order directing the Serious Fraud Investigation Office (SFIO) to investigate the affairs of Future Retail Ltd (FRL) and Future Consumer Retail Pvt Ltd (FCRPL).
Case Title : ANIL LAXMINARAYAN BIYANI vs UNION OF INDIA AND ANR.
Case Number : W.P.(C) 971/2026
CITATION : 2026 LLBiz HC (DEL) 885
On 19 August, the Delhi High Court dismissed a Public Interest Litigation (PIL) challenging IFCI Ltd's sale of shares in the National Stock Exchange of India Ltd (NSE), holding that the petitioner had suppressed an earlier proceeding before the Bombay High Court on the same issue.
Case Title : PARINAY SHARMA vs UNION OF INDIA & ORS.
Case Number : W.P.(C) 11957/2026
CITATION : 2026 LLBiz HC (DEL) 887
Official Liquidator Gets 3 Years From Winding Up Order To File Claim : Kerala High Court
The Kerala High Court on 31 August held that a claim instituted by an Official Liquidator under Section 446 of the Companies Act, 1956, in respect of a legally enforceable claim is governed by the three year limitation period under Article 137 of the Limitation Act, 1963, reckoned from the date of the winding up order, with the benefit of the additional one year period under Section 458A of the Companies Act.
Case Title : M/s Appletree Chits India (P) Ltd v. Miny Zachariah
Case Number : C.C No. 1384 of 2023
CITATION : 2026 LLBiz HC(KER) 173
NCLAT
The New Delhi National Company Law Appellate Tribunal (NCLAT) on 5 August held that a private company cannot transfer shares without complying with the procedure prescribed under its Articles of Association, including requirements relating to notice, valuation, and existing shareholders' right to purchase the shares before they are offered to outsiders.
Case Title : Shri Anup Kumar Khemani & Ors Vs Balendra Choudhury& Ors
Case Number : Company Appeal (AT) 102/2020
CITATION : 2026 LLBiz NCLAT 314
The National Company Law Appellate Tribunal (NCLAT) at Chennai has set aside an order of the Kochi bench of thr National Company Law Tribunal (NCLT) which had directed convening of an Extraordinary General Meeting (EGM) under Section 98 of the Companies Act, 2013 holding that Section 98 jurisdiction is exceptional and can only be invoked upon proof of “impracticability” in convening a meeting, whereas requisitioning members already have an absolute right under Section 100(4) to convene an EGM themselves.
Case Title : Pearl City Marine Products Private Limited& Ors Vs Hiras K & Ors
Case Number : Company Appeal (AT) (CH) 76/2026
CITATION : 2026 LLBiz NCLAT 326
NCLAT New Delhi Restores Status Quo Over Company Assets Pending Share Valuation And Buyback
The New Delhi National Company Law Appellate Tribunal (NCLAT) on 18 August directed that status quo be maintained in a family dispute over Rukshmani Syntex Pvt. Ltd. until valuation of the appellant's shares is completed.
Case Title : MEHUL NARAYAN THAKKAR Vs RUKSHMANI SYNTEX PRIVATE LIMITED & Ors Case Number : Company Appeal (AT) 110/2026
CITATION : 2026 LLBiz NCLAT 332
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) on 21 August dismissed an appeal filed by Titus Babu challenging the cancellation of his 1,35,000 equity shares in Sintex Industries Limited (SIL), observing that an approved Resolution Plan extinguishes pre-existing equity shareholding and binds shareholders and members
Case Title : Titus Babu Vs Sintex Industries Limited
Case Number : Company Appeal (AT) 168/2026
CITATION : 2026 LLBiz NCLAT 334
The National Company Law Appellate Tribunal (NCLAT) at New Delhi on 25 August affirmed that the Serious Fraud Investigation Office (SFIO) was validly authorised to file disgorgement proceedings before the NCLT on behalf of the Union of India under Section 212(14A) of the Companies Act, 2013.
Case Title : BSR & Associates LLP Vs Serious Fraud Investigation Office & Ors
Case Number : Company Appeal (AT) 182/2026
CITATION : 2026 LLBiz NCLAT 335
NCLT
US-Based Investors Move NCLT Kolkata Against Manipal Hospitals Synergie Over 2007 Share Dilution
A group of US-based doctors and medical practitioners, who were among the seed investors in Medica Synergie Private Limited, have moved the National Company Law Tribunal (NCLT) Kolkata, alleging oppression and mismanagement.
They claim their shareholding in the company, now known as Manipal Hospitals Synergie Private Limited, was diluted through several actions, mainly through the issue of sweat equity shares.
Case Title : Netar Wadhwa & Ors vs Manipal Hospitals Synergie Private Limited & Ors
Case Number : 1908134 /02572 /2026
NCLT Ahmedabad Orders Shareholder, Creditor Meetings For IRM Energy-Enertech Amalgamation Scheme
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has allowed a joint application filed by Enertech Distribution Management Pvt. Ltd. and IRM Energy Ltd. in connection with their proposed scheme of amalgamation.
Case Title : Enertech Distribution Management Private Limited & IRM Energy Limited
Case Number : C.A.(CAA)/31(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 775
NCLT Ahmedabad Sanctions Merger Of 10 Adani Power Subsidiaries Into Parent Company
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has sanctioned a Scheme of Amalgamation for the merger of ten Adani Power subsidiaries into Adani Power Limited.
The bench held that the proposal complied with the requirements of the Companies Act and adequately addressed the concerns raised by regulators.
Case Title : ADANI POWER DAHEJ LIMITED & Ors
Case Number : CP (CAA) No. 9 (AHM) 2026 in CA (CAA) No.66 of 2025
CITATION : 2026 LLBiz NCLT (AHM) 783
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.
Case Title : JACKIE SHROFF VS ATLAS EQUIFIN PVT LTD
Case Number : CONT.A/16(MB)2024
CITATION : 2026 LLBiz NCLT (MUM) 788
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.
Case Title : Asset Reconstruction Company(India) Limited v. ACCIL Corporation Private Limited Case Number : IA(IBC)(Plan) No. 06/JPR/2026
CITATION : 2026 LLBiz NCLT(JAI) 789
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 the 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.
Case Title : Siemens Gamesa Renewable Energy Projects Private Limited (Transferor Company-1 / Non-Applicant Company-1) and Siemens Energy Industrial Turbomachinery India Private Limited (Transferor Company-2 / Applicant Company) and Siemens Gamesa Renewable Power Private Limited (Transferee Company / Non-Applicant Company-2) and and their respective Shareholders.
Case Number : CA(CAA)/108/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 791
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.
Case Title : Sun Direct GO Private Limited v. Sun Direct TV Private Limited
Case Number : CA(CAA)/38(CHE)/2026
CITATION : 2026 LLBiz NCLT(CHE) 793
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.
Case Title : Triumph Offshore Private Limited & Swan Defence and Heavy Industries Limited Case Number : C.P.(CAA)28/(AHM)2026 in C.A.(CAA)/17(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 795
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.
Case Title : Mohammed Shafi and Ors v. Dr. Hyderali Kalliyath and Ors
Case Number : IA(C/ACT)/204/KOB/2024
CITATION : 2026 LLBiz NCLT(KOC) 796
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.
Case Title : UNION OF INDIA, THROUGH SERIOUS FRAUD INVESTIGATION OFFICE (SFIO) V/s SUNEETA REDDY & OTHERS
Case Number : CP/253(MB)2025
CITATION : 2026 LLBiz NCLT (MUM) 798
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.
Case Title : Vitanosh Ingredients Pvt. Ltd. & Lactose (India) Ltd.
Case Number : CP(CAA)/19(AHM)2026 In CA(CAA)/3(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 799
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.
Case Title : WESTERN UP TOLLWAY PRIVATE LIMITED
Case Number : COMPANY PETITION NO. (CAA) - 83(ND)/2025
CITATION : 2026 LLBiz NCLT(DEL) 814
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.
Case Title : AVINYA BATTERIES LIMITED & PPAP Automotive Limited
Case Number : C.A.(CAA)-41/230-232/ND/2026
CITATION : 2026 LLBiz NCLT(DEL) 816
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 creditors
Case Title : JAKSON LIMITED & JAKSON POWERGEN LIMITED
Case Number : CA(CAA)-40/230-232/ND/2026
CITATION : 2026 LLBiz NCLT(DEL) 820
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.
Case Title : Renault Nissan Automotive India Private Limited v. Renault India Powertrain Private Limited
Case Number : CA(CAA)/62(CHE)/2026
CITATION : 2026 LLBiz NCLT(CHE) 821
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.
Case Title : AMBROSIA CORNER HOUSE PRIVATE LIMITED & KAFILA HOSPITALITY AND TRAVELS PRIVATE LIMITED
Case Number : COMPANY PETITION NO. (CAA)-22/230/232/ND/2025
CITATION : 2026 LLBiz NCLT(DEL) 825
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.
Case Title : Edme Insurance Brokers Limited & UIB Insurance Brokers (India) Pvt. Ltd
Case Number : C.P.(CAA)/7T(AHM)2026 in CA(CAA)/52(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 826
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.
Case Title : M/s Aureustech Systems Private Limited v. M/s Happiest Minds Technologies Limited
Case Number : CP(CAA) No. 11/BB/2026
CITATION : 2026 LLBiz NCLT(BEN) 827
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.
Case Title : TVS Holdings Limited
Case Number : CP(CAA)/34(CHE)2026
CITATION : 2026 LLBiz NCLT(CHE) 830
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.
Case Title : REGISTRAR OF COMPANIES Vs ACDI VOCA Social Development Organisation Case Number : CP No.30/ALD/2023
CITATION : 2026 LLBiz NCLT (ALL) 838
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).
Case Title : Veranda XL Learning Solutions Private Limited
Case Number : CP(CAA)/42(CHE)2026
CITATION : 2026 LLBiz NCLT(CHE) 839