LiveLawBiz Company Law Quarterly Digest: July- September 2026
Shilpa Soman
5 Oct 2026 8:00 PM IST
SUPREME COURT
National Spot Exchange Ltd (NSEL) has moved the Supreme Court challenging the Bombay High Court's March 27, 2026 judgment refusing to direct a joint trial in two CBI cases arising out of the alleged 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
The Supreme Court has agreed to hear on Friday a plea filed by a group of 29 minority shareholders seeking recall of its order referring the Jindal Poly Films Ltd. class action dispute to arbitration.
Case Title : JINDAL POLY FILMS LIMITED vs MONET SECURITIES PRIVATE LIMITED
Case Number : DIARY NO. 37515/2026
The Supreme Court on Monday dismissed special leave petitions filed by investor Persis A. Khambatta, refusing to interfere with the Calcutta High Court's judgment upholding a resolution of Industrial Investment Bank of India Ltd (IIBI), which is in voluntary liquidation.
Case Title : PERSIS A. KHAMBATTA VERSUS INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED (IN VOLUNTARY LIQUIDATION)
Case Number : Petition(s) for Special Leave to Appeal (C)No(s). 24991-24992/2026
CITATION : 2026 LLBiz SC 251
Supreme Court Stays SFIO Proceedings Against Vivo India
The Supreme Court on Monday issued notice in a special leave petition filed by Vivo India Pvt Ltd and stayed further SFIO proceedings against it.
The petition challenges the Punjab & Haryana High Court's judgment holding that the mandatory pre-cognizance hearing under the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023 is inapplicable to prosecutions initiated by the Serious Fraud Investigation Office (SFIO) under the Companies Act, 2013.
Case Title : VIVO MOBILE INDIA PRIVATE LIMITED VERSUS SERIOUS FRAUD INVESTIGATION OFFICE
Case Number : Petition for Special Leave to Appeal (Crl.) No. 13088/2026
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
The Supreme Court on Monday held that identification of a natural person is not a prerequisite, at the threshold stage, for prosecuting a corporate entity for an offence involving mens rea.
Case Title : Sanofi India Ltd v. Central Bureau of Investigation
Case Number : Criminal Appeal No. 4250 of 2026
CITATION : 2026 LLBiz SC 298
Supreme Court Refuses To Interfere With NCLAT Order In 35-Year-Old Peerless Shareholder Dispute
The Supreme Court has refused to interfere with the National Company Law Appellate Tribunal's order setting aside the National Company Law Tribunal, Kolkata's decision.
The NCLT had cancelled the allotment of 30,000 equity shares by Peerless General Finance & Investment Co Ltd (PGFI) to three companies allegedly connected with the Roy-Sen group, as well as the subsequent transfer of 15,626 shares.
Case Title : BHAGWATI DEVELOPERS PVT. LTD. VS. THE PEERLESS GENERAL FINANCE AND INVESTMENT CO. LTD.
Case Number : C.A. No. 008758 - 008760 / 2026
CITATION : 2026 LLBiz SC 301
Supreme Court Issues Notice On Plea Against NCLAT Ruling On NCLT Power To Order EGM
The Supreme Court on Tuesday issued notice on a plea challenging the National Company Law Appellate Tribunal's August 17, 2026 order.
The NCLAT held that the NCLT cannot direct the convening of an Extraordinary General Meeting under Section 98 of the Companies Act, 2013, unless the applicant establishes that holding the meeting without the Tribunal's intervention has become impracticable.
Case Title : HIRAS K M VS. MS PEARL CITY MARINE PRODUCTS PRIVATE LIMITED
Case Number : DIARY NO. - 53533/2026
The Supreme Court has recently clarified that the Centre can authorise any Central Government officer, in addition to the Director of the Serious Fraud Investigation Office (SFIO), to institute a complaint under the second proviso to Section 212(6) of the Companies Act.
Case Title : UNION OF INDIA VERSUS THE STATE OF TELANGANA & ORS.
Case Number : R.P.(Crl.) No.470/2026 in Crl.A. No.147/2026
CITATION : 2026 LLBiz SC 317
Supreme Court Stays NCLAT Order Reviving IL&FS Plea Over ₹1,080 Crore SREI Group Linked Transactions
The Supreme Court on Monday stayed the operation of the National Company Law Appellate Tribunal (NCLAT) order reviving Infrastructure Leasing & Financial Services Ltd. (IL&FS)'s plea seeking to unwind six alleged circuitous lending transactions worth ₹1,080 crore involving SREI Infrastructure Finance Limited (SIFL) group entities.
Case Title : SREI INFRASTRUCTURE FINANCE LIMITED VS. INFRASTRUCTURE LEASING AND FINANCIAL SERVICES LIMITED
Case Number : DIARY NO. - 50578/2026
HIGH COURT
The Delhi High Court on Wednesday held that interrogatories are maintainable in oppression and mismanagement proceedings before the Company Law Board (now NCLT), observing that such discovery mechanisms help elicit material facts and shorten prolonged trials.
Case Title : Atul Batra and Ors v. BHP Engineers Private Limited and Ors
Case Number : CO.A(SB) 21/2015 & CO.APPL.968/2015, CO.APPL 21/2024
CITATION : 2026 LLBiz HC(DEL) 660
Asset Transfers To Defeat Creditors During Liquidation Are Void As Fraudulent Preference: Bombay HC
The Bombay High Court on 25 June held that a transfer of company property made during liquidation proceedings to promoters, without valid consideration and without a registered instrument, constitutes a fraudulent preference under Section 531(1) of the Companies Act, 1956, when it operates to defeat creditors' rights.
Case Title : M/s Indage Vineyard Pvt Ltd v. Kotak Mahindra Bank Ltd
Case Number : Official Liquidator Report No. 34 of 2025 in Company Petition No. 198 of 2011
CITATION : 2026 LLBiz HC(BOM) 370
Section 452 Companies Act Not Decriminalised, Criminal Courts Retain Jurisdiction: Kerala High Court
The Kerala High Court on 1 July held that offences under Section 452 of the Companies Act, 2013, relating to the wrongful withholding of company property by an officer or employee, remain triable by criminal courts and were not decriminalised by the Companies (Amendment) Act, 2020.
Case Title : Tata Coffee Limited v. Ramla and Anr
Case Number : Crl Rev Pet No. 346 of 2026
CITATION : 2026 LLBiz HC(KER) 122
Pre-Cognizance Hearing Under BNSS Doesn't Apply In Companies Act Cases: Punjab & Haryana High Court
The Punjab and Haryana High Court has held that companies and individuals prosecuted by the Serious Fraud Investigation Office (SFIO) under the Companies Act, 2013 are not entitled to a pre-cognizance hearing under the first proviso to Section 223 of the Bharatiya Nagarik Suraksha Sanhita (BNSS).
Case Title : Vivo India Private Limited v. Serious Fraud Investigation Office Case Number : CRM-M-10158-2026 (O&M)
CITATION : 2026 LLBiz HC(PNH) 33
When Can A Disqualified Company Director Continue In Office? Karnataka High Court Clarifies
The Karnataka High Court has clarified that a director disqualified because of a company's statutory defaults can continue to hold office in that defaulting company so that the director can undertake the statutory compliance required to rectify the defaults and authorities can pursue proceedings against the person responsible.
Case Title : DILIPRAJ PUKKELLA & Ors Vs UNION OF INDIA & Ors
Case Number : REVIEW PETITION NO. 394 OF 2025
CITATION : 2026 LLBiz HC (KAR) 108
The Madras High Court has refused to quash a CBI FIR against the directors of Ind Barath Power Gencom Limited. It held that the subsequent withdrawal of the company's "Fraud" classification by the lending bank does not wipe out criminal proceedings arising from allegations of diversion of funds, fabrication of records, and other cognisable offences.
Case Title : Kanumuru Indira Priyadarshini and Ors v. The Superintendent of Police
Case Number : Crl.O.P No. 27727 of 2024 and connected cases
CITATION : 2026 LLBiz HC(MAD) 173
The Karnataka High Court on 23 June, held that winding up proceedings cannot be transferred to the National Company Law Tribunal (NCLT) merely because the company's assets have not yet been sold. It noted that once liquidation has progressed substantially in time and substance, transfer would disrupt a mature liquidation process and is not warranted.
Case Title : Mr. Santosh Umakant Jawadar v. Official Liquidator
Case Number : Company Application No. 39 of 2025 in Company Petition No. 236 of 2026
CITATION : 2026 LLBiz HC(KAR) 110
Karnataka High Court Remands Quikr's ₹1.77 Crore Stamp Duty Dispute Over NCLT-Approved Amalgamation
The Karnataka High Court has set aside an order directing Quikr India Private Limited, which operates the online classifieds platform Quikr, to pay an additional ₹1.77 crore as stamp duty on a National Company Law Tribunal (NCLT)-approved scheme of amalgamation. The matter has been remitted to the District Registrar for fresh consideration.
Case Title : M/s Quikr India Pvt Ltd v. State of Karnataka and Anr
Case Number : Writ Petition No. 15998 of 2022
CITATION : 2026 LLBiz HC(KAR) 112
Stamp Duty Amendments On Amalgamation Cannot Apply Retrospectively: Kerala High Court
The Kerala High Court on 3 July held that amendments to the Kerala Stamp Act, 1959, introducing stamp duty on amalgamations and reconstructions, cannot be applied retrospectively to transactions completed before the amendments came into force.
Case Title : Zuri Hotels and Resorts Private Limited v. The Principal Sub-Registrar and Ors
Case Number : WP(C) No. 9815 of 2021
CITATION : 2026 LLBiz HC(KER) 130
The Delhi High Court has upheld an order directing a DNA testing company to change its name, holding that the Central Government's power to rectify similar company names under the Companies Act is not rendered invalid merely because its opinion was triggered by an application from another company.
Case Title : DNA Forensics Test Solutions Private Limited v. Union of India & Ors.
Case Number : W.P.(C) 9684/2026 and CM APPL. 45118-45119/2026
CITATION : 2026 LLBiz HC(DEL) 740
Delhi High Court Refuses Disclosure Of MCA Orders In SFIO Probe Into Anil Ambani Group Companies
The Delhi High Court has recently refused to direct the Ministry of Corporate Affairs (MCA) and the Serious Fraud Investigation Office (SFIO) to disclose orders directing an investigation into the affairs of Reliance Home Finance Limited, Reliance Communications Limited, and other Anil Ambani companies under Section 212 of the Companies Act, 2013.
Case Title : Mandke Foundation v. Union of India and Anr
Case Number : WP(C) No. 10462/ 2026 and CM Appl No. 48506 of 2026
CITATION : 2026 LLBiz HC(DEL) 762
Madras High Court Quashes SFIO Case Against Deloitte Partner In Subhiksha Fraud Probe
The Madras High Court on Wednesday has quashed criminal proceedings initiated by the Serious Fraud Investigation Office (SFIO) against Deloitte Haskins & Sells partner and statutory auditor M.K. Ananthanarayanan over his audit of Subhiksha Trading Services Limited (STSL).
Case Title : M.K Ananthanarayanan v. Union of India
Case Number : Crl OP No. 15633 of 2023
CITATION : 2026 LLBiz HC(MAD) 209
Supreme Court Pleadings Cannot Decide Legal Status Of Nair Service Society: Kerala High Court
The Kerala High Court on 17 July dismissed a writ appeal filed by a member of the Nair Service Society (NSS) seeking action against the Society and its directors for alleged violations of the Companies Act, 2013.
Case Title : TGN Kumar v. Registrar of Companies and Ors
Case Number : WA No. 727 of 2026
CITATION : 2026 LLBiz HC(KER) 151
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
Delhi High Court Refuses To Quash Criminal Case Against Supertech Directors Over Hill Town Project
The Delhi High Court has refused to quash criminal proceedings against directors of real estate company Supertech Limited over allegations of cheating, criminal breach of trust and criminal conspiracy linked to its Hill Town project in Sohna, Haryana.
Case Title : Sangita Arora v. State of NCT Delhi and Anr
Case Number : Crl.M.C No. 4722 of 2026
CITATION : 2026 LLBiz HC(DEL) 948
The Calcutta High Court on Wednesday stayed a Serious Fraud Investigation Office (SFIO) investigation into alleged financial irregularities involving funds of an exempted provident fund Trust operated by Hindusthan National Glass and Industries Limited (HNGIL) for its employees.
Case Title : SANJAY SOMANY AND ORS. VS HINDUSTHAN NATIONAL GLASS AND INDUSTRIES LIMITED (HNGIL) AND ORS. Case Number : APO/56/2026 CITATION : 2026 LLBiz HC (CAL) 223
On Monday, 28 September, the Calcutta High Court held that an arbitration clause contained in a company's Articles of Association operates as an independent agreement and does not make disputes covered by the clause subject exclusively to the jurisdiction of the National Company Law Tribunal (NCLT).
Case Title : Ambica Beri v. Forum Atmosphere Flat Owner's Association
Case Number : FMAT No. 342 of 2026
CITATION : 2026 LLBiz HC(CAL) 235
NCLAT
NCLAT Revives IL&FS Plea To Unwind ₹1,080 Crore SREI Group-Linked Lending Transactions
The National Company Law Appellate Tribunal (NCLAT) at Delhi has revived Infrastructure Leasing & Financial Services Ltd.'s (IL&FS) bid to unwind six lending transactions allegedly structured to bypass the Reserve Bank of India's directions restricting fresh lending to group companies.
Case Title : Infrastructure Leasing & Financial Services Ltd Vs Union of India & Ors.
Case Number : Company Appeal (AT) 143/2026 & 145/2026
CITATION : 2026 LLBiz NCLAT 267
Auditor Cannot Rely On Undocumented OTS Proposal To Ignore Borrower's Interest Liability: NCLAT
The National Company Law Appellate Tribunal (NCLAT) in Delhi has held that a proposed One-Time Settlement (OTS) with lenders cannot justify an auditor issuing a clean audit report by ignoring accrued interest on borrowings classified as non-performing assets (NPAs).
Case Title : CA Som Prakash Aggarwal Vs NFRA
Case Number : Company Appeal (AT) 200/2022 & 177/2024
CITATION : 2026 LLBiz NCLAT 292
NCLAT Delhi Dismisses Finolex Share Dispute Appeals, Says Subsequent Events Pleadable By Amendment
The New Delhi National Company Law Appellate Tribunal (NCLAT) on 21 July upheld an order permitting amendments to a long pending company petition in the Finolex group share transfer dispute, holding that subsequent developments arising during the pendency of proceedings can be brought on record while leaving the question of limitation open for determination at the final hearing.
Case Title : Prakash P Chhabria Vs Deepak Kishan Chhabria & Ors
Case Number : Company Appeal (AT) 236/2026 & 237/2026
CITATION : 2026 LLBiz NCLAT 305
The National Company Law Appellate Tribunal (NCLAT) in Delhi has recently held that manipulating statutory records to usurp shareholding and stripping a company's assets through bogus book entries amount to continuing acts of oppression and mismanagement under the Companies Act, 2013.
Case Title : Vivid Solutions Pvt Ltd & Ors Vs Mukesh Jain & Ors
Case Number : Company Appeal (AT) 125/2021
CITATION : 2026 LLBiz NCLAT 307
The National Company Law Appellate Tribunal (NCLAT) has admitted an appeal filed by the Indian Motion Picture Producers Association (IMPPA) against a Mumbai NCLT order.
The order had allowed members of the association to pursue an oppression and mismanagement petition after waiving the statutory membership requirement under Section 244 of the Companies Act.
Case Title : Indian Motion Picture Producers Association Vs Sanjeev Kumar Singh and Ors. Case Number : Company Appeal (AT) (Insolvency) 277/2026 & 278/2026
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
Notices To ED, CBI For Investigating Company Affairs Can Be Issued Only After Hearing Parties: NCLAT
The National Company Law Appellate Tribunal (NCLAT) at Delhi has ruled that an investigation into a company's affairs cannot be initiated merely because an application has been filed.
The tribunal must first satisfy itself that the circumstances required under Section 213(b) of the Companies Act exist. It must also give the affected parties a reasonable opportunity to hear.
Case Title : Salma Moosa & Srinivasan Vivek Vs Akarappu Om Yeshwanth & Ors
Case Number : Company Appeal (AT) 55/2026
CITATION : 2026 LLBiz NCLAT 344
NCLAT Delhi Says Counsel's Personal Difficulties Cannot Explain Appellant's 202-Day Refiling Delay
On 18 September, the National Company Law Appellate Tribunal (NCLAT) at New Delhi held that an appellant cannot rely on the personal difficulties of his counsel to explain his own failure to rectify Registry defects and seek condonation of a 202-day delay in refiling an appeal.
Case Title : RAJENDRA DEVIDAS PURANIK
Case Number : Company Appeal (AT) (Insolvency) 326/2026
CITATION : 2026 LLBiz NCLAT 361
Conversion of IBC Appeal Into Companies Act Appeal Does Not Save Limitation: NCLAT
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently held that an appeal filed under the insolvency law does not provide continuity for limitation when it is transformed into an appeal under the company law.
Case Title : Anjaniputra Ispat Ltd. Vs IAG Company Ltd & Trust Estate Khimji Keshwaji
Case Number : Company Appeal (AT) 39/2026
CITATION : 2026 LLBiz NCLAT 363
The National Company Law Appellate Tribunal (NCLAT) at Delhi has cut from ₹10 lakh to ₹5 lakh the cost imposed on a company while restoring its name to the Register of Companies.
It held that the higher amount was disproportionate and was not supported by any determination of the actual costs incurred in the appeal or application.
Case Title : Ganton Projects Private Limited & Ravindra Singh Chauhan Vs RoC & Commissioner of Income Tax
Case Number : Company Appeal (AT)176 /2026
CITATION : 2026 LLBiz NCLAT 362
The National Company Law Appellate Tribunal (NCLAT) Chennai has set aside an order of the National Company Law Tribunal (NCLT) Amravati Bench rejecting the first motion application for the proposed merger of Hinduja National Power Corporation Ltd. (HNPCL) with GOCL Corporation Ltd.
Case Title : HINDUJA NATIONAL POWER CORPORATION LIMITED & GOCL CORPORATION LIMITED Vs THE REGIONAL DIRECTOR & RoC
Case Number : Company Appeal (AT) (CH) 88/2026
CITATION : 2026 LLBiz NCLAT 371
Commercial Necessity Cannot Override Oppression Claims, NCLAT New Delhi Tells NCLT
On 25 September, the National Company Law Appellate Tribunal (NCLAT) at New Delhi held that a company's claim that a restructuring was commercially necessary or undertaken to address financial exigencies cannot by itself relieve the National Company Law Tribunal (NCLT) of its duty to examine allegations of oppression and mismanagement.
Case Title : Nikhil Rai & Ors Vs Vcare Technologies Private Limited & Ors
Case Number : Company Appeal (AT) No. 280/ 2026
CITATION : 2026 LLBiz NCLAT 372
NCLT
NCLT Mumbai Approves Cross-Border Merger Of UAE Legal Consultancy Company With Indian Parent
The Mumbai bench of the National Company Law Tribunal (NCLT) has recently approved the cross-border merger of Begur International Legal Counsellors FZ-LLC, a UAE-based company engaged in legal consultancy, with its Indian parent, Pranesh Eservices Private Ltd.
Case Title : Pranesh Eservices Pvt. Ltd. and Begur International Legal Counsellors FZ-LLC
Case Number : C.P.(CAA) 1(MB) 2026 IN C.A.(CAA) 206(MB) 2025
CITATION : 2026 LLBiz NCLT (MUM) 669
NCLT Mumbai Approves Merger Of Jaypore, TG Apparel Into Aditya Birla Fashion & Retail
The Mumbai Bench of the National Company Law Tribunal (NCLT) on Thursday approved the merger of Jaypore E-Commerce Pvt Ltd and TG Apparel & Decor Pvt Ltd, both wholly owned subsidiaries, into Aditya Birla Fashion and Retail Ltd
Case Title : Jaypore E-Commerce Pvt Ltd and TG Apparel & Decor Pvt Ltd with Aditya Birla Fashion & Retail Ltd
Case Number : C.P.(CAA)/52(MB)2026 In C.A.(CAA)/38(MB)2026
CITATION : 2026 LLBiz NCLT (MUM) 670
NCLT Mumbai Approves Merger Of Three JSW Steel Subsidiaries With Parent Company
The Mumbai bench of the National Company Law Tribunal approved the merger of JSW Steel Ltd's three wholly owned subsidiaries, Amba River Coke Ltd, Monnet Cement Ltd., and JSW Retail and Distribution Ltd, into the parent company
Case Title : AMBA RIVER COKE LIMITED AND MONNET CEMENT LIMITED AND JSW RETAIL AND DISTRIBUTION LIMITED WITH JSW STEEL LIMITED
Case Number : CP (CAA) NO. 64/MB/2026 IN CA (CAA) NO. 16/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 671
Board Cannot Refuse Valid Requisition For EGM, Cannot Judge Its Legality: NCLT Kochi
The National Company Law Tribunal (NCLT) at Kochi has held that a company's Board of Directors is bound to convene an Extraordinary General Meeting (EGM) once it receives a valid requisition under the Companies Act.
Case Title : Mr. Hiras K.M v. M/s Pearl City Marine Products Private Limited
Case Number : Company Petition (C/Act)/04/KOB/2026
CITATION : 2026 LLBiz NCLT(KOC) 675
On 2 July, the Mumbai Bench of the National Company Law Tribunal (NCLT) partly allowed an oppression and mismanagement petition against Hotmail founder Sabeer Bhatia and other respondents in relation to Arzoo.com (India) Pvt Ltd, holding that their acts amounted to oppression in the company's shareholding and financial mismanagement through diversion of company funds.
Case Title : Yogesh Patel Versus Arzoo.com (India) Private Limited & Ors.
Case Number : MA 1329 of 2019, IA(COMPANIES ACT) 164(MB ) of 2025
CITATION : 2026 LLBiz NCLT (MUM) 676
NCLT Mumbai Sanctions Sarda Dairy Demerger Scheme With Chhatisgarh Investments
The Mumbai Bench of the National Company Law Tribunal (NCLT) has sanctioned a composite scheme of arrangement involving the demerger of the dairy manufacturing business of Sarda Dairy & Food Products Ltd into Chhatisgarh Investments Ltd.
Case Title : Chhatisgarh Investments Limited and Sarda Dairy & Food Products Limited
Case Number : C.P.(CAA)/29/MB/2026 c/w C.A.(CAA)/261/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 686
NCLT Chennai Approves Merger Of India Radiators With Mercantile Ventures
The National Company Law Tribunal (NCLT) at Chennai has approved the Scheme of Amalgamation under which India Radiators Limited will merge with Mercantile Ventures Limited, holding that the scheme would benefit the companies and would not be detrimental to the interests of their shareholders.
Case Title : India Radiators Limited v. Mercantile Ventures Limited
Case Number : CP(CAA)/24(CHE)/2026 in CA(CAA)/103(CHE)/2025
CITATION : 2026 LLBiz NCLT(CHE) 693
NCLT Mumbai Approves Merger Of Wholly-Owned Subsidiary Embellish Houses Into Godrej Properties
The Mumbai Bench of the National Company Law Tribunal (NCLT) has recently sanctioned the scheme for amalgamation of Embellish Houses Private Limited, a wholly owned subsidiary of Godrej Properties Limited, with the listed real estate company after finding the proposal to be fair, reasonable, and in accordance with law.
Case Title : Embellish Houses Private Limited with Godrej Properties Limited
Case Number : CP(CAA)-25/MB/2026 c/w CA(CAA)-268/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 696
NCLT Ahmedabad Approves J B Chemicals-Torrent Pharmaceuticals Merger Scheme
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 6 July approved the Scheme of Amalgamation between J.B. Chemicals & Pharmaceuticals Ltd. and Torrent Pharmaceuticals Ltd., observing that the merger was bona fide and in the interest of shareholders and creditors.
Case Title : J.B. Chemicals & Pharmaceuticals Limited & Torrent Pharmaceuticals Limited
Case Number : C.P.(CAA)/21(AHM)2026 in CA(CAA)/6(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 698
NCLT Mumbai Waives Membership Threshold For Film Producers' Association Members' Oppression Plea
The Mumbai Bench of the National Company Law Tribunal has allowed members of the Indian Motion Picture Producers' Association (IMPPA) to pursue an oppression and mismanagement petition by waiving the statutory membership requirement.
Case Title : MR. SANJEEV KUMAR SINGH V/s INDIAN MOTION PICTURE PRODUCERS ASSOCIATION & ORS.
Case Number : COMP.APPL/ 153(MB)2026
CITATION : 2026 LLBiz NCLT (MUM) 701
NCLT Mumbai Allows DEXIT Global's ₹203 Crore Preference Share Capital Reduction Under Companies Act
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 9 July approved DEXIT Global Limited's (formerly NSEIT Limited) proposal to reduce its preference share capital under Section 66 of the Companies Act, 2013, holding that the reduction was fair, lawful and not against public interest.
Case Title : DEXIT GLOBAL LIMITED
Case Number : C.P No. 70/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 712
Fresh Cause of Action Cannot Be Introduced Through Amendment To Company Petition: NCLT Kochi
The National Company Law Tribunal at Kochi has held that a fresh and independent cause of action cannot ordinarily be introduced through an amendment to an existing company petition.
Case Title : Biju Scaria and Anr v. Media Team Solutions (I) Pvt Ltd and Ors
Case Number : IA(C/Act)/1/KOB/2026 in CP(C/Act)/31/KOB/2024
CITATION : 2026 LLBiz NCLT(KOC) 714
The National Company Law Tribunal (NCLT) has dispensed with meetings of the equity shareholders of Jakson Limited and Jakson Infra Projects Limited while directing separate meetings of Jakson Limited's secured and unsecured creditors to consider a proposed scheme for the demerger of the company's businesses into Jakson Infra Projects Limited.
Case Title : JAKSON LIMITED Vs JAKSON INFRA PROJECTS LIMITED
Case Number : CA(CAA)-37/230-232/ND/2026
CITATION : 2026 LLBiz NCLT(DEL) 723
NCLT Chennai Directs MPS Limited To Convene Meetings For Amalgamation With ADI BPO Services
The Chennai National Company Law Tribunal (NCLT) on 2 July directed MPS Limited to convene meetings of its equity shareholders and unsecured creditors to consider its proposed scheme of amalgamation with wholly-owned subsidiary ADI BPO Services Limited.
Case Title : ADI BPO Services Limited and MPS Limited
Case Number : CA(CAA)/49(CHE)/2026
CITATION : 2026 LLBiz NCLT(CHE) 726
NCLT New Delhi Sanctions Amalgamation Of Indo Bevs With 'Brocode' Maker Indospirit Beverages
The New Delhi Bench of the National Company Law Tribunal (NCLT) on 15 July sanctioned the scheme of amalgamation between Indo Bevs Private Limited and Indospirit Beverages Private Limited, the manufacturer of the carbonated wine brand “Brocode”, observing that the Tribunal does not interfere with commercial decisions approved by shareholders and creditors.
Case Title : INDO BEVS PRIVATE LIMITED Vs INDOSPIRIT BEVERAGES PRIVATE LIMITED Case Number : (CAA)-92/230/232/ND/2025
CITATION : 2026 LLBiz NCLT(DEL) 727
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed meetings of the equity shareholders of Orient Cement Ltd. and Ambuja Cements Ltd. to consider their proposed scheme of amalgamation.
Case Title : Orient Cement Limited & Ambuja Cements Limited
Case Number : C.A.(CAA)/29(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 732
Minority Shareholders Can Oppress Majority If They Control Company's Management: NCLT Chennai
The National Company Law Tribunal (NCLT) at Chennai has recently observed that the term "oppression" is not determined merely by numerical strength. It held that even a minority shareholder exercising effective managerial control can oppress a majority shareholder by abusing such control.
Case Title : S Ravindhra Reddy and Ors v. Silver Line Retreat Hotels Private Limited and Ors Case Number : CP(CA)/3(CHE)/2023 in IA(CA)/119(CHE)/2023
CITATION : 2026 LLBiz NCLT (CHE) 734
NCLT Chandigarh Orders Winding Up Of Punjab State Biotech Corporation After Biotech Park Failed
The Chandigarh bench of the National Company Law Tribunal (NCLT) has ordered the winding up of Punjab State Biotech Corporation after finding that it had not carried on any business for many years.
Case Title : PUNJAB STATE BIOTECH CORPORATION
Case Number : CP No.50/Chd/Pb/2024
CITATION : 2026 LLBiz NCLT(CHA) 733
NCLT Chandigarh Sanctions Banday Ideal Products-Banday Impex Merger
The Chandigarh National Company Law Tribunal (NCLT) has sanctioned a Composite Scheme of Arrangement providing for the merger of Banday Ideal Products Limited with Banday Impex Private Limited. Under the scheme, the transferor company will continue as a brand or division of the transferee company. The appointed date of the scheme is April 1, 2023.
Case Title : BANDAY IDEAL PRODUCTS LIMITED & BANDAY IMPEX PRIVATE LIMITED
Case Number : CP (CAA) 19/Chd/J&K of 2025
CITATION : 2026 LLBiz NCLT(CHA) 735
NCLT Ahmedabad Holds Removal Of Nominee Director Without Vested Rights Not Oppressive Conduct
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has recently held that the removal of a nominee director from the board, without any vested rights in the company, did not amount to oppressive or prejudicial conduct. The tribunal dismissed connected petitions filed by the director against Security Ops India Pvt. Ltd.
Case Title : Dhartiben Mukeshbhai Bhoraniya Vs Security Ops India Private Limited &Ors
Case Number : CP/29(AHM)2026 & 31/2026
CITATION : 2026 LLBiz NCLT (AHM) 739
NCLT Orders Stakeholder Meetings For Kinder Women's Hospital–Kindorama Healthcare Merger
The National Company Law Tribunal (NCLT) at Kochi on Wednesday directed the convening of meetings of the equity shareholders of Kinder Women's Hospital and Fertility Centre Private Limited.
It also ordered meetings of the secured and unsecured creditors of both Kinder Women's Hospital and Kindorama Healthcare Private Limited in connection with their proposed merger.
Case Title : Kinder Women's Hospital and Fertility Centre Private Limited and Kindorama Healthcare Private Limited
Case Number : CA(CAA)/09/KOB/2026
CITATION : 2026 LLBiz NCLT(KOC) 742
The Cuttack National Company Law Tribunal (NCLT) on 13 July held that the management of Sparsh Multispeciality Hospital Pvt. Ltd. oppressed minority shareholders by excluding them from the company's affairs and restored their directorships on the board.
Case Title : AJAY SOMANI & Ors Vs SPARSH MULTISPECIALITY HOSPITAL PRIVATE LIMITED & Ors
Case Number : IA (Companies Act) No 34/CB/2026 in CP No 61/CB/2022 & CA No 11/CB/2025 CITATION : 2026 LLBiz NCLT (CUT) 743
Income Tax Department Can Restore Struck-Off Company As 'Creditor' For Tax Assessment: NCLT Kochi
The National Company Law Tribunal (NCLT) at Kochi on 23 July held that the Income Tax Department qualifies as a “creditor” under Section 252(3) of the Companies Act, 2013, and can seek restoration of a struck-off company's name even when its claim is contingent or prospective. Section 252(3) allows the Tribunal to restore the name of a company removed from the Register of Companies if an application is made by, among others, a creditor and the Tribunal finds that restoration is necessary and just.
Case Title : Income Tax Officer v. Registrar of Companies and Ors
Case Number : Company Appeal (C/Act)/10/KOB/2026
CITATION : 2026 LLBiz NCLT (KOC) 744
NCLT Ahmedabad Orders RoC Inquiry Into Veer Fabricators' Share Transfer Dispute
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has declined to order rectification of the register of members of Veer Fabricators Private Limited at this stage.
It noted that no transfer documents, records of consideration, board approvals, or other material had been placed on record to establish the authenticity of the disputed share transfers.
Case Title : SHRI ASHOK RAMCHANDRA PANCHAL & Anr Vs VEER FABRICATORS PRIVATE LIMITED & Ors.
Case Number : APPEAL/60(AHM)2023
CITATION : 2026 LLBiz NCLT (AHM) 746
NCLT Ahmedabad Allows Electrotherm To Reissue Preference Shares Due To Lack Of Redemption Profits
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 21 July allowed Electrotherm (India) Limited to issue fresh redeemable preference shares in place of existing unredeemed preference shares, holding that accounting profits alone do not permit redemption unless such profits are legally available for declaration of dividend.
Case Title : Electrotherm (India) Limited
Case Number : Company Petition No.21/(AHM)/2025
CITATION : 2026 LLBiz NCLT (AHM) 752
NCLT Allahabad Sanctions India Glycols' Demerger Of Biopharma, Spirits & Biofuel Businesses
The Allahabad bench of the National Company Law Tribunal (NCLT) has recently sanctioned the scheme of arrangement proposed by India Glycols Limited, involving the demerger of its Biopharma and Spirits & Biofuel undertakings into Ennature Bio Pharma Limited and IGL Spirits Limited, respectively.
Case Title : INDIA GLYCOLS LIMITED, ENNATURE BIO PHARMA LIMITED & IGL SPIRITS LIMITED
Case Number : CP (CAA) NO.07/ALD/2026
CITATION : 2026 LLBiz NCLT (ALL) 755
The Chennai National Company Law Tribunal on 7 July held that a creditor's claim being barred by limitation does not take away its status as a creditor for filing a petition under Section 213 of the Companies Act, 2013, while clarifying that allegations of statutory violations, pending disputes or procedural defaults alone cannot justify an investigation into a company's affairs.
Case Title : M/s Electro Trade v. ETA Engineering Private Limited and Ors
Case Number : CP(IBC)/125(CHE)/2023
CITATION : 2026 LLBiz NCLT(CHE) 760
NCLT Ahmedabad Allows First Motion For Rubamin's Zinc And Copper Business Demerger
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has allowed the first motion application jointly filed by Rubamin Private Limited (Demerged Company) and Rubamin IGNISS Private Limited (Resulting Company) in connection with a scheme of arrangement to demerge the zinc and copper businesses from the former into the latter.
Case Title : Rubamin Private Limited & Rubamin Igniss Private Limited
Case Number : CA(CAA)/26(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 761
NCLT Ahmedabad Allows First Motion Application For Amalgamation Of Five Renewable Energy Companies
The Ahmedabad National Company Law Tribunal (NCLT) on 2 July allowed the first motion application filed for the amalgamation of Sukavala Renewable Energy Private Limited, Pipartoda Renewable Energy Private Limited, Amreli Renewable Energy Private Limited and Raipar Renewable Energy Private Limited into Ratabhe Renewable Energy Private Limited.
Case Title : Sukavala Renewable Energy Private Limited & Ors
Case Number : CA(CAA)/20(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 764
NCLT Ahmedabad Allows First Motion In ACC-Ambuja Cements Merger, Dispenses With Creditor Meetings
The Ahmedabad National Company Law Tribunal (NCLT) on 29 July allowed the first motion petition for the amalgamation of ACC Limited with Ambuja Cements Limited, permitting shareholder meetings while dispensing with meetings of creditors.
Case Title : ACC Limited and Ambuja Cements Limited
Case Number : C.A.(CAA)/33(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 768
NCLT New Delhi Sanctions Fybros Moddular-Balar Marketing Merger, Holds Scheme Fair And Reasonable
The New Delhi National Company Law Tribunal (NCLT) on 15 July sanctioned the amalgamation scheme between Fybros Moddular Pvt. Ltd. and Balar Marketing Pvt. Ltd., holding that the merger was fair, reasonable and not prejudicial to the interests of shareholders or creditors.
Case Title : FYBROS MODDULAR PRIVATE LIMITED & BALAR MARKETING PVT. LTD.
Case Number : COMPANY PETITION NO. (CAA) - 7(ND)/2025
CITATION : 2026 LLBiz NCLT(DEL) 772
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
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.
Case Title : HEG Ltd, HEG Graphite Ltd and Bhilwara Energy Ltd
Case Number : CP(CAA)/3(MP)2026 in CA(CAA)/1(MP)2026
CITATION : 2026 LLBiz NCLT(IND) 850
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).
Case Title : Abhinand VenturesPvt. Ltd & Essar Power Limited
Case Number : C.P.(CAA)22/(AHM)2026 in C.A.(CAA)/1(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 857
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.
Case Title : Tata Motors Limited (Amalgamated Company/Applicant Company-1) and TMF Holdings Limited (Amalgamating Company-1/Applicant Company-1) and TMF Business Services Limited (Amalgamating Company-2/Applicant Company-3) and and their respective Shareholders.
Case Number : CA(CAA)/113/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 859
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.
Case Title : California Burrito Pte Ltd v. Burrito Restaurants Private Limited
Case Number : CA(CAA)/60(CHE)/2026
CITATION : 2026 LLBiz NCLT(CHE) 864
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.
Case Title : Mr. Altaf Pasha and Ors v. Imperio Hospitality Pvt Ltd
Case Number : CA No. 44/BB/2026
CITATION : 2026 LLBiz NCLT(BEN) 868
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.
Case Title : Department of Income Tax v. Sapphire Suppliers Private Limited and Anr
Case Number : CP/7/GB/2026
CITATION : 2026 LLBiz NCLT(GUA) 869
NCLT Mumbai Allows First Motion For Merger Of Siemens Rail Automation With Siemens Limited
The National Company Law Tribunal (NCLT) at Mumbai on 7 September allowed the first motion application seeking directions for the proposed merger of Siemens Rail Automation Private Limited with Siemens Limited under Sections 230 to 232 of the Companies Act, 2013.
Case Title : In the matter of Scheme of Amalgamation of Siemens Rail Automation Private Limited (Transferor Company No. 1) With Siemens Limited (Transferee Company)
Case Number : CA(CAA)/133/MB-IV/2026
CITATION : 2026 LLBiz NCLT (MUM) 872
Challenge To One Respondent's Maintainability Cannot Dismiss Entire Company Petition: NCLT Guwahati
The National Company Law Tribunal (NCLT) at Guwahati has held that a party cannot seek dismissal of an entire company petition when its pleadings only challenge the maintainability of proceedings against one particular respondent.
Case Title : Meghmallar Estates and Services Private Limited and Ors v. Aaryan Chilled Infra Private Limited
Case Number : IA(Comp Act)/12/GB/2023
CITATION : 2026 LLBiz NCLT(GUA) 875
Allahabad NCLT Sanctions Demerger Of KM Sugar Mills' Distillery Division Into KM Spirits
The Allahabad Bench of the National Company Law Tribunal (NCLT) on 19 August sanctioned a Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, approving the demerger of the Distillery Division of KM Sugar Mills Limited into its wholly owned subsidiary, KM Spirits and Allied Industries Limited.
Case Title : K M SUGAR MILLS LIMITED Vs KM SPIRITS AND ALLIED INDUSTRIES LIMITED Case Number : CP (CAA) NO.16/ALD/2026 IN CA (CAA) NO.05/ALD/2026
CITATION : 2026 LLBiz NCLT (ALL) 876
NCLT Ahmedabad Sanctions Share India-Silverleaf Capital Merger
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has sanctioned the merger of Silverleaf Capital Services Pvt. Ltd. with listed Share India Securities Ltd.
The tribunal fixed October 1, 2023, as the appointed date despite flagging that the companies had not explained the delay in obtaining stock exchange observations.
Case Title : Silverleaf Capital Services Pvt. Ltd & Share India Securities Limited
Case Number : C.P.(CAA)/17(AHM)2026 in C.A.(CAA)/53(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 877
NCLT Ahmedabad Sanctions First Motion For Inkia Inks–True Colors Amalgamation
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 17 August sanctioned the first motion in the proposed amalgamation of Inkia Inks Private Limited with True Colors Limited, allowing the transferor company to dispense with certain meetings while directing meetings of equity shareholders and unsecured creditors of the transferee company.
Case Title : Inkia Inks Private Limited &True Colors Limited
Case Number : CA(CAA)30/(AHM)/2026
CITATION : 2026 LLBiz NCLT (AHM) 879
NCLT Chandigarh Bench Sanctions Merger Of Companies Behind Got Tea and Blue Tokai
The National Company Law Tribunal's Chandigarh bench has sanctioned the amalgamation of Thegot Hospitality Private Limited, which operates Got Tea, into Muhavra Enterprises Private Limited, the company behind Blue Tokai Coffee Roasters.
Case Title : THEGOT HOSPITALITY PRIVATE LIMITED Vs MUHAVRA ENTERPRISES PRIVATE LIMITED
Case Number : CP (CAA) No. 12/CHD/HRY/2026
CITATION : 2026 LLBiz NCLT(CHA) 886
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has cleared the way for Landmark Cars (East) Private Limited to merge with its listed parent, Landmark Cars Limited, by dispensing with shareholder and creditor meetings for both companies.
Case Title : Landmark Cars (East) Private Limited & Landmark Cars Limited
Case Number : CA(CAA)/34(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 890
The National Company Law Tribunal at Bengaluru recently held that mere existence of an arbitration clause in a Share Subscription Agreement does not make reference to arbitration mandatory.
It further observed that issues concerning corporate governance and reliefs under the Companies Act could not ordinarily be adjudicated through arbitration.
Case Title : Nowon Technologies Private Limited v. Mr. Tono Thomas
Case Number : CA No. 43 of 2024 in CP No. 88/BB/2021
CITATION : 2026 LLBiz NCLT(BEN) 896
NCLT New Delhi Sanctions Amalgamation Of Mawana Foods With Mawana Sugars
The New Delhi Bench of the National Company Law Tribunal (NCLT) on 3 September sanctioned the Scheme of Amalgamation between Mawana Foods Private Limited and Mawana Sugars Limited under the Companies Act, 2013.
Case Title : MAWANA FOODS PRIVATE LIMITED Vs MAWANA SUGARS LIMITED
Case Number : COMPANY PETITION NO. (CAA) 14 (ND)/2026
CITATION : 2026 LLBiz NCLT(DEL) 900
ROC Cannot Adjudicate Disputes Over Director Removal While Processing DIR-12: NCLT Ahmedabad
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has ruled that the Registrar of Companies (RoC) can verify whether a director's removal complies with company law but cannot adjudicate disputes between parties while processing Form DIR-12.
Case Title : Satyanand Estate Private Limited Vs RoC Gujarat
Case Number : CP/39(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 904
Mere Notice For Director's Removal Does Not Amount To Oppression: NCLT Ahmedabad
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has held that a notice proposing a director's removal and an increase in a company's authorised share capital do not, by themselves, amount to oppression under the Companies Act, 2013.
Case Title : Nareshkumar Gondaliya Vs M.D Hygiene Pvt. Ltd & Ors
Case Number : CP/17(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 907
NCLT Chennai Sanctions Amalgamation Of Augmento Labs With Saksoft Limited
The National Company Law Tribunal at Chennai has sanctioned the Scheme of Amalgamation between Augmento Labs Private Limited and Saksoft Limited, whose shares are listed on the National Stock Exchange and the Bombay Stock Exchange.
Case Title : Augmento Labs Private Limited v. Saksoft Limited
Case Number : CP(CAA)/93(CHE)/2025
CITATION : 2026 LLBiz NCLT(CHE) 927
Byju's Settles Rights Issue Dispute With Aakash Before NCLT Bengaluru
The National Company Law Tribunal (NCLT) at Bengaluru was on Wednesday informed that Think & Learn Private Limited, the parent company of Byju's, and Aakash Educational Services Limited have reached a settlement in their dispute over Aakash's rights issue.
Case Title : Think & Learn Pvt. Ltd. v. Aakash Educational Services Ltd
Case Number : C.P. No.135/BB/2025
NCLT Chennai Approves First Motion In Niyogin Fintech, Niyogin Finserv Composite Scheme
The National Company Law Tribunal at Chennai has allowed the first motion application filed by Niyogin Fintech Limited, Niyogin Finserv Limited and iServeU Technology Private Limited in relation to a proposed Composite Scheme of Arrangement.
Case Title : Niyogin Fintech Limited
Case Number : CA(CAA)/66(CHE)/2026
CITATION : 2026 LLBiz NCLT(CHE) 930
The Allahabad Bench of the National Company Law Tribunal (NCLT) on 15 September approved the First Motion application for the merger of Roto Energy Systems Ltd. with its parent company, Roto Pumps Ltd., under the Companies Act, 2013.
Case Title : ROTO ENERGY SYSTEMS LIMITED & ROTO PUMPS LIMITED
Case Number : CA (CAA) NO.15/ALD/2026
CITATION : 2026 LLBiz NCLT(ALL) 935
On 23 September, the National Company Law Tribunal (NCLT), Mumbai sanctioned a Composite Scheme of Arrangement involving the demerger of specified undertakings and amalgamation of Parle Products Private Limited with Parle Biscuits Private Limited, finding the scheme fair and reasonable and not contrary to law or public policy.
Case Title : PARLE PRODUCTS PRIVATE LIMITED
Case Number : C.P. (C.A.A)/98(MB)2026 IN C.A.(C.A.A)/105(MB)2026
CITATION : 2026 LLBiz NCLT (MUM) 936
The National Company Law Tribunal at Bengaluru has approved the reduction of share capital of India1 Payments Limited, involving cancellation of 45,16,129 equity shares held by IDBI Trusteeship Company Limited, trustee for India Advantage Fund S3 I, for an aggregate consideration of ₹69.99 crores.
Case Title : India1 Payments Limited v. Registrar of Companies
Case Number : CP No. 128/BB/2025
CITATION : 2026 LLBiz NCLT(BEN) 940
NCLT Mumbai Approves Vidarbha Industries Power Merger With Adani Power
The National Company Law Tribunal's Mumbai Bench has sanctioned the merger of Vidarbha Industries Power Limited with Adani Power Limited as part of a larger scheme under which 10 Adani Group companies are being amalgamated into Adani Power.
Case Title : IN THE MATTER OF Vidarbha Industries Power Limited
Case Number : C.P.(CAA)/71(MB)2026
CITATION : 2026 LLBiz NCLT (MUM) 942
NCLT Mumbai Vacates Property Attachment Of PNB Officers In Nirav Modi-Mehul Choksi Fraud Case
The National Company Law Tribunal at Mumbai has vacated the attachment of few properties in proceedings arising from the alleged fraud involving Nirav Modi, Mehul Choksi, and Gitanjali Gems.
Case Title : IN THE MATTER OF Prafull Sawant ... Applicant AND IN THE MATTER OF Becchu Tiwari
Case Number : Company Application No. 67 of 2021 IN CP (IB) 277 of 2018
CITATION : 2026 LLBiz NCLT (MUM) 943
NCLT Mumbai Allows First Motion Merger Of CIE Aluminium Casting With CIE Automotive India
The National Company Law Tribunal, Mumbai has allowed the first motion application for the merger by absorption of CIE Aluminium Casting India Ltd with CIE Automotive India Ltd, under Sections 230-232 of the Companies Act, 2013.
Case Title : In the matter of Scheme of Merger by Absorption between CIE Aluminium Casting India Limited (Transferor Company/Applicant Company-1) and CIE Automotive India Limited (Transferee Company/Applicant Company-2)
Case Number : CA(CAA)-115/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 946
NCLT Delhi Sanctions Merger Of Sesa Care With Dabur India
The New Delhi bench of the National Company Law Tribunal (NCLT) has sanctioned the amalgamation of Sesa Care Private Limited with Dabur India Limited, approving the merger of the ayurvedic personal care company with the listed FMCG major.
Case Title : SESA CARE PRIVATE LIMITED Vs DABUR INDIA LIMITED
Case Number : COMPANY PETITION NO. (CAA) - 33(ND)/2026
CITATION : 2026 LLBiz NCLT(DEL) 948
NCLT Allahabad Approves Magnum Ventures' Demerger Of Paper Business Into Magnum Paperz
The Allahabad bench of the National Company Law Tribunal (NCLT), has allowed the First Motion Application filed jointly by Magnum Ventures Limited (Demerged Company) and Magnum Paperz Limited (Resulting Company) under the Companies Act, 2013 proposing the demerger of the paper business from Magnum Ventures into Magnum Paperz.
Case Title : MAGNUM VENTURES LIMITED Vs MAGNUM PAPERZ LIMITED
Case Number : CA (CAA) NO.17/ALD/2026
CITATION : 2026 LLBiz NCLT(ALL) 957