LiveLawBiz Company Law Monthly Digest: February-2026
Shilpa Soman
4 March 2026 7:13 PM IST
SUPREME COURT
Byju's Parent Moves Supreme Court To Stall Second Tranche Of Aakash ₹240 Crore Rights Issue
Case Title: Think and Learn Private Limited (In CIRP), through its Resolution Professional, Shailendra Ajmera, versus Aakash Educational Services Limited and others
Case Number: C.A. NO. 1604-1605/2026
Think & Learn Pvt. Ltd., which owns edtech major Byju's, has moved the Supreme Court against a National Company Law Appellate Tribunal (NCLAT) order that allowed Aakash Educational Services Ltd. to proceed with the second tranche of its Rs. 240 crore rights issue.
Case Title: Think & Learn Pvt Ltd vs Aakash Educational Services Ltd & Ors
Citation: 2026 LLBiz SC 67
Case Number: C.A. No. 1604/2026
The Supreme Court on Tuesday disposed of an appeal filed by Think & Learn Pvt Ltd, the parent company of Byju's, after recording a statement on behalf of Aakash Educational Services Ltd that 25.75% of stake in Aakash shall remain secured till the disposal of a pending interlocutory application before the National Company Law Appellate Tribunal (NCLAT), Chennai.
A Bench of Justices Pamidighantam Sri Narasimha and Alok Aradhe was hearing Think & Learn's challenge to an order of the NCLAT permitting Aakash to proceed with the second tranche of its ₹240 crore rights issue. The order had also granted Think & Learn time until today to subscribe to the second tranche.
Supreme Court Makes Absolute Interim Protection To Deepak Garg In Rs 1596 Crore SRS Fraud Case
Case Title: Deepak Garg vs Serious Fraud Investigation Office
Citation: 2026 LLBiz SC 95
Case Number: Petition(s) for Special Leave to Appeal (Crl.) No(s). 14351/2025
The Supreme Court made absolute the interim protection it had earlier granted to Deepak Garg, a Director of SRS Finance Ltd and SRS Shining Ornaments Ltd, during the pendency of his special leave petitions challenging the Punjab and Haryana High Court's refusal of anticipatory bail in the alleged Rs 1,596 crore SRS Group financial fraud case.
HIGH COURT
Case Title: V.J. Joseph v. The India Cements Limited and Ors
Citation: 2026 LLBiz HC (KER) 22
Case Number: Crl.Rev.Pet. No. 92 of 2019
A Managing Director who was in charge of a company's day-to-day affairs and who signed its cheques can be held vicariously liable for cheque dishonour, the Kerala High Court has held, dismissing a revision plea by a company's former head.
Justice M.B. Snehalatha upheld the conviction of V.J. Joseph, the former Managing Director of J and A Foundations Pvt. Ltd., in a cheque dishonour case under Section 138 of the Negotiable Instruments Act. It involved three cheques issued by the company.
Case Title: KSL & Industries Ltd vs Patheja & Auto Parts Manufacturing Ltd
Citation: 2026 LLBiz HC (BOM) 70
Case Number: Company Application No. 506 OF 2018
The Bombay High Court has recently observed that objections raised by secured creditors and the Official Liquidator to the transfer of winding-up proceedings from the High Court to the National Company Law Tribunal (NCLT) cannot be sustained merely because such a transfer may affect their recovery actions.
Justice Arif S. Doctor made the observation while allowing a company application filed by Sahjun Impex Trading Pvt. Ltd. The application sought transfer of a pending winding-up petition concerning KSL & Industries Ltd. from the Bombay High Court to the National Company Law Tribunal under Section 434(1)(c) of the Companies Act.
Case Title: Debanjan Hazra Vs. The Serious Fraud Investigation Office & Ors
Citation: 2026 LLBiz HC (CAL) 52
Case Number: W.P.A. No. 2772 of 2026
The Calcutta High Court has refused to quash a Look Out Circular issued against Debanjan Hazra, a former employee of Elder Pharmaceuticals now settled in China, in connection with an SFIO probe into the alleged siphoning of Rs 1,300 crore from the company.
Justice Krishna Rao delivered the judgment on February 13, 2026 while hearing a writ petition filed by Hazra challenging the LOC dated February 7, 2025.
Common Independent Director Not 'Common Management': Gujarat High Court Sets Aside GeM Bid Rejection
Case Title: NR Agarwal Industries Ltd. v Gujarat State Board of School Textbooks and Anr
Citation: 2026 LLBiz HC (GUJ) 17
Case Number: R/SPECIAL CIVIL APPLICATION NO. 17400 of 2025
The Gujarat High Court has held that an Independent Director cannot be treated as part of the common management of a company for the purpose of disqualifying bids under Clause 29 of the Government e-Marketplace General Terms and Conditions, setting aside the rejection of NR Agarwal Industries Ltd's technical bid in a public tender.
A Division Bench of Justice Bhargav D. Karia and Justice L.S. Pirzada observed, “the Independent Director stands on a different foot than the Director whether he is a regular Executive Director, Non-executive Director, Managing Director or Whole-time Director of the Company as provided under the provisions of the Act", the bench said.
Maharashtra Stamp Authorities Have No Jurisdiction Over NCLT Chennai Order: Bombay High Court
Case Title: Schaeffler India Ltd. vs Chief Controlling Revenue Authority & Ors
Citation: 2026 LLBiz HC (BOM) 84
Case Number: WRIT PETITION NO. 7496 OF 2023
The Bombay High Court on 18 February held that Maharashtra stamp authorities have no jurisdiction to assess stamp duty on an order passed by the NCLT, Chennai Bench, merely because the same scheme was also sanctioned by the NCLT, Mumbai Bench.
A Single-Judge Bench of Justice Sharmila U. Deshmukh clarified that even if stamp duty had not been paid on the Chennai order, that question falls within the domain of authorities in Tamil Nadu and is irrelevant to the assessment of the Mumbai order.
NCLAT
Case Title: Company Appeal (AT)(Insolvency) No. 436 of 2022
Citation: 2026 LLBiz NCLAT 32
Case Number: Company Appeal (AT)(Insolvency) No. 436 of 2022
The National Company Law Appellate Tribunal (NCLAT)at New Delhi has held that a company cannot evade repayment of deposits by relying on its own violation of the Companies Act, while allowing an appeal against rejection of an insolvency petition.
A coram of Chairperson Justice Ashok Bhushan and Technical Member Barun Mitra observed that the company was attempting to take advantage of its own wrongdoing in accepting deposits, which is impermissible in law.
Jindal Poly Tells NCLAT Class Action Order Hit Share Price, Seeks Interim Relief
Case Title: Jindal Poly Films Ltd. Vs. Ankit Jain & Ors
Case Number: Comp. App. (AT) No. 47 of 2026
The National Company Law Appellate Tribunal (National Company Law Appellate Tribunal) part-heard Jindal Poly Films Limited's plea for interim relief in its appeal against the admission of a shareholder class action, after the company told the tribunal that the NCLT order had adversely affected its share price.
The matter was heard by a bench comprising Judicial Member Justice Yogesh Khanna and Technical Member Ajai Das Mehrotra.
Case Title: Think & Learn Pvt Ltd vs Aakash Educational Services Ltd & 23 Ors
Citation: 2026 LLBiz NCLAT 34
Case Number: Company Appeal (AT) (CH) No. 137/2025
The National Company Law Appellate Tribunal (NCLAT) at Chennai has extended the time by one week for Think and Learn Pvt Ltd, the parent company of Byju's, to subscribe to the second tranche of Aakash Educational Services' rights issue.
A coram of Judicial Member Justice N. Seshasayee and Technical Member Jatindranath Swain passed the direction while allowing an extension of one week, by permitting Think and Learn to subscribe to the second tranche of rights shares until February 17, 2026.
NCLAT Dismisses Appeal Against Order Allowing Former Promoters To Represent Aquafil Polymers
Case Title: Dr. Anita Roy v. Aquafil Polymers Company Private Limited and Ors
Citation: 2026 LLBiz NCLAT 58
Case Number: Company Appeal (AT) No. 81 of 2023
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently dismissed as infructuous an appeal filed by majority shareholder Dr. Anita Roy against an interim order permitting the former promoters of Aquafil Polymers Company Private Limited to represent the company in pending proceedings.
A Bench of Justice Mohd. Faiz Alam Khan and Technical Member Indevar Pandey observed that the company's management now operates under tribunal supervision.
Case Title: Jindal Poly Films Ltd. Vs. Ankit Jain & Ors
Citation: 2026 LLBiz NCLAT 64
Case Number: Comp. App. (AT) No. 47 of 2026
The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed an appeal filed by Jindal Poly Films Limited challenging an order of the National Company Law Tribunal that had allowed a class action petition under Section 245 of the Companies Act, 2013 to proceed against the company.
The appeal was heard by a bench comprising Judicial Member Justice Yogesh Khanna and Technical Member Ajai Das Mehrotra, which declined to interfere with the NCLT's findings and dismissed the matter at the threshold.
NCLT
NCLT Mumbai Clears First Motion For Amalgamation Of Overseas Units Into NMDC Data Centre
Case Title: Infin Data Centre Holdings Limited FZCO And Utility Holdings Limited FZCO With NMDC Data Centre Private Limited
Citation: 2026 LLBiz NCLT (MUM) 93
Case Number: CA (CAA)/5/MB/2026
The National Company Law Tribunal (NCLT) at Mumbai has cleared the first motion in a proposed amalgamation involving NMDC Data Centre Private Limited and two of its overseas group companies.
The order was passed by a bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar, which dispensed with the requirement of holding meetings of shareholders and creditors at this stage.
NCLT Hyderabad Approves Merger Of NCC Infrastructure Holdings With NCC Ltd
Case Title: NCC Infrastructure Holdings Ltd & NCC Ltd
Citation: 2026 LLBiz NCLT (HYD) 106
Case Number: CP (CAA) No.38/230/HDB/2025
The National Company Law Tribunal (NCLT) at Hyderabad has approved the merger of NCC Infrastructure Holdings Ltd, a wholly owned subsidiary, with its parent company NCC Ltd, consolidating the group's infrastructure holdings under a single listed entity.
A coram comprising Judicial Member Rajeev Bhardwaj and Technical Member Sanjay Puri observed that the scheme was fair, reasonable, and not contrary to public policy or any provision of law.
NCLT Ahmedabad Clears JK Paper Group's Composite Scheme To Consolidate Packaging Business
Case Title: JKPL Utility Packaging Solutions Private Limited & Ors
Citation: 2026 LLBiz NCLT (AHM) 110
Case Number: CP (CAA)/55 (AHM) 2025
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has sanctioned a Composite Scheme of Arrangement for JK Paper Limited and five group companies, paving the way for consolidation of the group's packaging business.
A coram of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma approved the scheme under Sections 230 to 232 of the Companies Act, 2013.
NCLT Approves Demerger Of Times Group's Non-Publishing Business Into Times Horizon
Case Title: Benett, Coleman & Company Ltd with Times Horizon Pvt Ltd
Citation: 2026 LLBiz NCLT (MUM) 112
Case Number: CP (CAA) NO. 266/MB/2025
The National Company Law Tribunal (NCLT) at Mumbai has recently approved the demerger of the non-publishing business undertaking of Bennett, Coleman & Company Ltd (Times Group) into its wholly owned subsidiary, Times Horizon Pvt Ltd. The non-publishing business comprises Bennett Coleman's digital and internet ventures, entertainment and brand capital businesses, and other emerging operations distinct from its core publishing activities.
A coram of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar held that, on a review of the material on record, the scheme complied with law and was not contrary to public policy.
NCLT Bengaluru Sanctions Cross-Border Merger Of MoEngage Inc With Indian Subsidiary
Case Title: MoEngage India Private Limited v. MoEngage Inc
Citation: 2026 LLBiz NCLT (BEN) 111
Case Number: CP(CAA) No.23/BB/2025
The National Company Law Tribunal (NCLT) at Bengaluru on 12 January approved a cross-border amalgamation scheme, allowing MoEngage Inc, a US company, to merge with its Indian subsidiary, MoEngage India Private Limited.
A Bench comprising Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada noted that MoEngage India had satisfactorily addressed objections and observations raised by the Registrar of Companies, Regional Director, Official Liquidator, Income Tax Department, and the Reserve Bank of India. Therefore, “there is no impediment in approval of the Scheme”.
Case Title: The Assistant Commissioner of Central Tax and Central Excise v. C.S Ramachandran and Anr
Citation: 2026 LLBiz NCLT (KOC) 113
Case Number: IA(IBC)/506/KOB/2025 In CP(IBC)/21/KOB/2024
The National Company Law Tribunal (NCLT) at Kochi has dismissed the tax department's plea to include a Rs 6.06 crore belated GST claim in the insolvency process of SDF Industries Limited, holding that claims cannot be entertained after approval of the resolution plan by the Committee of Creditors.
A coram of Judicial Member Vinay Goel held that permitting the tax department to raise its claim at such a stage would reopen settled stages of the corporate insolvency resolution process and undermine the process.
NCLT Orders Winding Up Of Netwealth Agrotech Over Fraudulent Deposit Schemes
Case Title: Union of India vs Netwealth Agrotech India Ltd & Ors
Citation: 2026 LLBiz NCLT (MUM) 116
Case Number: CP/205/(MB)/2022
The National Company Law Tribunal (NCLT) at Mumbai has ordered the winding up of Netwealth Agrotech India Ltd, holding that the company's affairs were conducted in a fraudulent manner through unauthorised deposit-like schemes that resulted in large-scale cheating of the public.
A coram of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar allowed a petition filed by the Union of India through the Registrar of Companies, Pune, seeking the winding up of the company.
Case Title: Ankit Jain & Ors. v. Jindal Poly Films Limited & Ors
Citation: 2026 LLBiz NCLT (DEL) 117
Case Number: IA(CA)-132/2024 in CP No. 58/245/PB/2024
The National Company Law Tribunal (NCLT) at New Delhi has rejected an objection raised by Jindal Poly Films Limited challenging the maintainability of a class action petition filed by its minority shareholders to move forward.
A Principal Bench comprising President Justice Ramalingam Sudhakar and Technical Member Ravindra Chaturvedi held that “the distinction between class action and derivative action in the laws of the United States has been developed in a different legal context and cannot be mechanically applied to the Indian legal framework under Section 245 of the Companies Act.”
NCLT Mumbai Clears JM Baxi Group's Scheme to Demerge Container and Corporate Services Businesses
Case Title: JM Baxi Ports & Logistics Pvt Ltd, JM Baxi Container Holdings Pvt Ltd, JM Baxi Ports Services Pvt Ltd & Ors
Citation: 2026 LLBiz NCLT (MUM) 114
Case Number: CP(CAA)/245/2024 In CA(CAA)/154/2024
The National Company Law Tribunal (NCLT) at Mumbai has recently approved a second motion petition filed by JM Baxi group entities, the ports and logistics operator, clearing the scheme of arrangement to demerge and reorganise its container and corporate services businesses into separate resulting companies.
A coram of Judicial Member Lakshmi Gurung and Technical Member Hariharan Neelakanta Iyer noted that the companies had fulfilled all statutory compliances and the scheme was fair and reasonable.
Share Transfers During Liquidation Not Absolutely Barred, Subject To Tribunal Approval: NCLT Chennai
Case Title: Epic Concesiones Private Limited v. N. Veerapandian
Citation: 2026 LLBiz NCLT (CHE) 121
Case Number: IA(IBC) 1483/CHE/2025 in CP(IB) 114/CHE/2021
The National Company Law Tribunal (NCLT) at Chennai has permitted the transfer of shares held in a company undergoing liquidation, holding that such transfers are not absolutely barred and may be allowed with the Tribunal's approval.
A coram of Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy was hearing an application filed by Epic Concesiones Private Limited seeking permission to transfer its equity in Sical Iron Ore Terminals Ltd. which is undergoing liquidation.
NCLT Kochi Allows Kitex Group Companies To Proceed With Proposed Demerger
Case Title: Kitex Childrenswear Limited v. Kitex Garments Limited
Citation: CA(CAA)/01/KOB/2026
Case Number: CA(CAA)/01/KOB/2026
The National Company Law Tribunal (NCLT) at Kochi has cleared the first procedural step in a proposed demerger between the Kitex group. A business undertaking of Kitex Childrenswear Limited is proposed to be transferred to the listed company Kitex Garments Limited. The tribunal has dispensed with several shareholder and creditor meetings while directing votes by public shareholders and unsecured creditors.
A coram of Judicial Member Vinay Goel was considering a joint application under the Companies Act, 2013, for a scheme of arrangement in the nature of a demerger, with April 1, 2025, as the appointed date.
NCLT Ahmedabad Sanctions Merger Of Sanghi Industries With Ambuja Cements
Case Title: Sanghi Industries Limited and Anr
Citation: 2026 LLBiz NCLT (AHM) 124
Case Number: CP(CAA)/61(AHM)2025 in CA(CAA)/49(AHM)2025
The National Company Law Tribunal (NCLT) at Ahmedabad has approved a cement-sector merger, clearing the amalgamation of Sanghi Industries Limited into Ambuja Cements Limited.
A bench comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma sanctioned the composite scheme of merger under Sections 230 to 232 of the Companies Act, 2013, by an order dated 9 February 2026.
Case Title: Somnath Biswas & Ors vs Asansol Club Ltd & Ors
Citation: 2026 LLBiz NCLT (KOL) 119
Case Number: Company Petition (IB) No. 183/KB/2025
The National Company Law Tribunal (NCLT) at Kolkata has granted limited interim protection to the former president of Asansol Club Ltd and another supporting member. It observed that allowing disciplinary or coercive action against members backing oppression and mismanagement proceedings during their pendency could undermine the very object of the Companies Act. A
coram comprising Judicial Member Bidisha Banerjee and Technical Member Siddharth Mishra allowed an application seeking waiver of the statutory eligibility requirement under Section 244 of the Companies Act, along with interim relief, in a dispute concerning the internal governance of the club.
NCLT Chandigarh Clears First Motion For Panasonic Life Solutions To Demerge Its White Goods Business
Case Title: Panasonic Life Solutions India Pvt Ltd with Panasonic India Pvt Ltd
Citation: 2026 LLBiz NCLT (CHD) 127
Case Number: CA(CAA) No. 1/Chd/Hry/2026
The National Company Law Tribunal (NCLT) at Chandigarh has allowed the first-motion application seeking directions to convene meetings in connection with a composite scheme of demerger proposed by Panasonic Life Solutions India Pvt Ltd and Panasonic India Pvt Ltd.
The order was passed by a coram comprising Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal on an application filed under Sections 230 to 232 and Section 66 of the Companies Act, 2013.
Oppression Petition Not Maintainable Where The Principal Relief Sought Is Winding Up: NCLT Amaravati
Case Title: Veer Bhoga Vasanta Rayalu Sabbavarapu & Anr. vs Sunray Green Space Pvt Ltd. & 8 Ors
Citation: 2026 LLBiz NCLT (AMR) 132
Case Number: IA(Companies Act)/25/2025 & IA(Companies Act)/26/2025 in CP/7/241/AMR/2024
The National Company Law Tribunal at Amaravati recently held that a petition alleging oppression and mismanagement cannot be used as a substitute for winding-up proceedings, and that maintainability must be tested on the basis of the pleadings as originally filed. The Tribunal reiterated that a petition inherently defective at inception cannot be cured by subsequently abandoning a substantive prayer.
On 11 February, a Bench comprising Judicial Member Kishore Vemulapalli and Technical Member Umesh Kumar Shukla dismissed a company petition filed by minority shareholders of Sunray Green Space Pvt Ltd under Sections 241 and 242 of the Companies Act, 2013 on the ground of maintainability.
NCLT Mumbai Clears First Motion For Merger Of Tech Mahindra's Three Wholly Owned Subsidiaries
Case Title: Zen3 Infosolutions Private Limited (“Transferor Company No. 1”) And Tech Mahindra Enterprise Services Limited (“Transferor Company No. 2”) And Begig Private Limited (“Transferor Company No. 3) And Tech Mahindra Limited
Citation: 2026 LLBiz NCLT (MUM) 140
Case Number: CA (CAA)/3/MB/2026
The National Company Law Tribunal (NCLT) at Mumbai has allowed the first motion application in a scheme to merge three wholly owned subsidiaries of Tech Mahindra Ltd, namely Zen3 Infosolutions Pvt Ltd, Tech Mahindra Enterprise Services Ltd and Begig Pvt Ltd, with the parent company.
A coram of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar noted that Zen3 Infosolutions, Tech Mahindra Enterprise Services and Begig are wholly owned subsidiaries of Tech Mahindra. The companies informed the tribunal that the merger has been proposed to simplify the group's corporate structure, eliminate duplicate corporate procedures and reduce administrative and compliance costs.
Case Title: Chattisgarh Investments Ltd and Sarda Dairy & Food Products Ltd
Citation: 2026 LLBiz NCLT (MUM) 139
Case Number: C.A.(CAA)/261(MB)/2025
The National Company Law Tribunal (NCLT) at Mumbai has allowed the first motion application in a scheme providing for the demerger of the dairy undertaking of Sarda Dairy & Food Products Ltd into Chhattisgarh Investments Ltd. The scheme provides for reorganisation of reserves, reduction of share capital and demerger of the dairy undertaking into Chhattisgarh Investments Ltd.
The order was passed by a coram of Judicial Member K.R. Saji Kumar and Technical Member Anil Raj Chellan on February 12, 2026.
NCLT Ahmedabad Clears First Motion In Vitanosh Ingredients–Lactose India Merger
Case Title: Lactose (India) Limited and Vitanosh Ingredients Private Limited
Citation: 2026 LLBiz NCLT (AHM) 142
Case Number: CA (CAA) / 3 (AHM) 2026
The National Company Law Tribunal (NCLT) at Ahmedabad has cleared the first motion in the proposed amalgamation of Vitanosh Ingredients Private Limited, a dairy products company with listed lactose manufacturing company Lactose (India) Limited.
A coram of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma directed Lactose (India) Limited to convene a meeting of its 16,900 equity shareholders on March 28, 2026 at 10:30 AM through video conferencing or other audio-visual means.
NCLT Chandigarh Approves Merger Of Bhamini Real Estate, DLF Urban Into DLF Home Developers
Case Title: Bhamini Real Estate Developers Pvt Ltd, DLF Urban Pvt Ltd, DLF Home Developers Ltd
Citation: 2026 LLBiz NCLT (CHD) 143
Case Number: CP (CAA) No. 39/CHD/Hry/2025
The National Company Law Tribunal (NCLT) at Chandigarh has sanctioned a scheme of amalgamation under which Bhamini Real Estate Developers Private Ltd and DLF Urban Private Ltd will merge into DLF Home Developers Ltd. The transferor companies shall stand dissolved without winding up.
The order was passed by Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal.
NCLT Chandigarh Approves Amalgamation Of Livpure Private Limited With Livpure Smart Homes
Case Title: LivPure Pvt Ltd and LivePure Smart Homes Pvt Ltd
Citation: 2026 LLBiz NCLT (CHD) 151
Case Number: C.P. (C.A.A.) No. 26/Chd/Hry/2025
The National Company Law Tribunal (NCLT) in Chandigarh has approved the merger of Livpure Private Limited with Livpure Smart Homes Private Limited, allowing the two companies to operate as a single entity.
The order was passed by Judicial Member Khetrabasi Biswal and Technical Member Kaushalendra Kumar Singh.
NCLT Chandigarh Sanctions Merger Of Eight DLF Group Companies Into Highvista Buildcon
Case Title: ADONCIA BUILDERS & DEVELOPERS PRIVATE LIMITED & ORS with HIGHVISTA BUILDCON PRIVATE LIMITED
Citation: 2026 LLBiz NCLT (CHD) 153
Case Number: CP (CAA) No. 14/Chd/Hry/2025
The National Company Law Tribunal (NCLT) at Chandigarh has sanctioned a scheme of amalgamation under which eight DLF group companies will merge into Highvista Buildcon Private Limited and stand dissolved without undergoing winding up.
The order was passed by a coram of Judicial Member Khetrabasi Biswal and Technical Member Kaushalendra Kumar Singh. Allowing the second motion petition, the tribunal observed: “We are of the considered view that the proposed Scheme is bona fide and in the interest of the shareholders and creditors.”
NCLT Appoints Interim Administrator To Manage Mangalam Publications Amid Family Dispute
Case Title: Mangalam Publications (India) Private Limited v. Toshma Biju Varghese and Ors
Citation: 2026 LLBiz NCLT (KOC) 155
Case Number: IA(C/Act)/149/KOB/2024 in CP/13/KOB/2024
The National Company Law Tribunal at Kochi has recently appointed an Interim Administrator to take over the management of Mangalam Publications (India) Private Limited, publisher of the Malayalam daily Mangalam and several weekly magazines, amid an ongoing family dispute over control of the company.
A coram of Judicial Member Vinay Goel observed that the continuing disputes between shareholders and the management were adversely affecting the company's business and the interests of its employees and other stakeholders.
NCLT Ahmedabad Approves Adicon Tiles Demerger Into Asian Granito Subsidiary
Case Title: Asian Granito India Limited and Ors
Citation: 2026 LLBiz NCLT (AHM) 156
Case Number: CP (CAA) 48 (AHM) 2025 in CA (CAA) 45 (AHM) 2024
The National Company Law Tribunal at Ahmedabad has approved a Composite Scheme of Arrangement involving Asian Granito India Ltd (AGIL), the listed holding company of the Adicon group.
A coram comprising Judicial Member Shammi Khan and Technical Member Sanjeev Kumar Sharma allowed the petition under Sections 230 to 232 of the Companies Act, 2013, with an Appointed Date of October 16, 2023.
Case Title: JINDALJYOTI PREFAB PRIVATE LIMITED AND ANR
Citation: 2026 LLBiz NCLT (CHD) 162
Case Number: CA (CAA)No.2/Chd/Hry/2026
The National Company Law Tribunal (NCLT), Chandigarh Bench, has cleared the first step in the proposed scheme of arrangement between Jindaljyoti Prefab Private Limited and Kingspan Jindal Private Limited, waiving the need to hold meetings of equity shareholders of both companies and the unsecured creditor of the transferor company, while directing that meetings of the secured and unsecured creditors of the transferee company be convened.
NCLT Mumbai Sanctions Merger Between Mirae Asset Sharekhan and Mirae Asset Financial Services
Case Title: Mirae Asset Sharekhan Financial Services Ltd (Amalgamating Company) and Mirae Asset Financial Services (India) Pvt Ltd
Citation: 2026 LLBiz NCLT (MUM) 163
Case Number: C.A. (CAA) NO. 235 (MB)/2025
The National Company Law Tribunal at Mumbai has approved the second motion petition for merger between Mirae Asset Sharekhan Financial Services Ltd and Mirae Asset Financial Services (India) Pvt Ltd, consolidating the Mirae Asset Group's NBFC operations.
NCLT Finds Jawed Akhter's Conduct Oppressive, Structures Exit From Jawed Habib Hair and Beauty
Case Title: Jawed Akhtar Versus Jawed Habib Hair and Beauty Ltd. &Ors
Citation: 2026 LLBiz NCLT (MUM) 164
Case Number: C.P. 309(MB)2023, C.P. 14(MB)2024
The National Company Law Tribunal (NCLT) at Mumbai has held that acts of financial mismanagement by promoter Jawed Akhter amounted to oppression under the Companies Act, while also finding that attempts by the RBPL group to alter the board structure of Jawed Habib Hair and Beauty Ltd were similarly oppressive.
Case Title: Procter & Gamble Home Products Private Limited
Citation: 2026 LLBiz NCLT (MUM) 165
Case Number: CP-241(MB)/2025
The National Company Law Tribunal (NCLT) at Mumbai has admitted a plea filed by Procter & Gamble Home Products Pvt Ltd, the Indian home care arm of US-based consumer goods major Procter & Gamble seeking approval for reduction of its Rs. 3.15 crore equity share capital under the Companies Act.
A coram of Judicial Member K.R. Saji Kumar and Technical Member Anil Raj Chellan after hearing the company, directed it to serve notices on creditors, the Regional Director (Western Region) and the Registrar of Companies. Creditors have been granted three months to raise objections.
NCLT Bengaluru Approves First Motion In Aureustech–Happiest Minds Merger
Case Title: Aureustech Systems Pvt Ltd and Happiest Minds Technologies Limited
Citation: 2026 LLBiz NCLT (BEN) 170
Case Number: CA(CAA) No.41/BB/2025
The National Company Law Tribunal (NCLT) at Bengaluru on 13 February allowed the first motion application in the proposed merger of Aureustech Systems Private Limited with Happiest Minds Technologies Limited.
A Bench comprising Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada considered the application filed by the companies seeking directions in relation to the proposed scheme of amalgamation.
OTHER
Former District Judge Deep Chandra Joshi To Serve As Acting President Of NCLT
The Ministry of Corporate Affairs on Friday has notified that Shri Deep Chandra Joshi, Former District Judge, has been appointed as the Acting President of the National Company Law Tribunal with effect from 14 February 2026. He is currently the senior-most member of the NCLT.
Companies that have defaulted on filing annual returns and financial statements will get a limited window to regularise their records after the Ministry of Corporate Affairs (MCA) on Tuesday notified the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026). The Scheme will be in force from April 15 to July 15, 2026.