LiveLawBiz Company Law Half-Yearly Digest: January- June, 2026
Shilpa Soman
3 July 2026 10:21 AM IST
SUPREME COURT
The Supreme Court on Friday held that a special court cannot entertain a private complaint in cases involving fraud under the Companies Act. It ruled that where an offence attracts punishment under the fraud provision, cognisance can be taken only on a complaint filed by the Serious Fraud Investigation Office or an authorised officer of the Central government.
Case Title: Yerram Vijay Kumar v. The State of Telengana and Anr
Citation: 2026 LLBiz SC 2
Case Number: SLP (Crl.) No. 11530 OF 2024
Supreme Court Refuses To Interfere With Delhi High Court Order Quashing SFIO Probe Into Moser Baer
The Supreme Court on Tuesday declined to interfere with the Delhi High Court's decision quashing a Serious Fraud Investigation Office probe into Moser Baer India Limited, holding that the High Court committed no error in setting aside the government's order directing the investigation.
Case Title : Karanartham Viramah Foundation v. Union of India & Anr.
Case Number : SLP(C) No. 004081 / 2026
CITATION : 2026 LLBiz SC 26
Supreme Court Stays Probe Into Exclusive Capital, Allows NCLAT Proceedings To Continue
The Supreme Court on Tuesday stayed the investigation ordered into the affairs of Exclusive Capital Limited, an NBFC, while issuing notice in an appeal filed by the company and its promoters.
Case Title : Exclusive Capital Limited & Ors. vs Kanta Agarwala & ANR
Case Number : Civil Appeal No. 15207/2025
CITATION : 2026 LLBiz SC 27
Supreme Court Grants Time As Telsonic, Roop Ultrasonix Explore Settlement Over Rights Issue
The Supreme Court on Wednesday granted additional time to the parties in a dispute between Telsonic Holding AG and Roop Ultrasonix Ltd after they informed the court that they were trying to reach an amicable settlement.
Case Title : Telsonic Holdings AG vs Roop Ultrasonix Ltd & Anr
Case Number : Civil Appeal Nos.14817-14818/2025
CITATION : 2026 LLBiz SC 29
Byju's Parent Moves Supreme Court To Stall Second Tranche Of Aakash ₹240 Crore Rights Issue
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 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
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.
Case Title : Think & Learn Pvt Ltd vs Aakash Educational Services Ltd & Ors
Case Number : C.A. No. 1604/2026
CITATION : 2026 LLBiz SC 67
Supreme Court Makes Absolute Interim Protection To Deepak Garg In Rs 1596 Crore SRS Fraud Case
The Supreme Court on Thursday 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.
Case Title : Deepak Garg vs Serious Fraud Investigation Office
Case Number : Petition(s) for Special Leave to Appeal (Crl.) No(s). 14351/2025
CITATION : 2026 LLBiz SC 95
Supreme Court Refuses To Interfere With ₹1,950 Crore NSEL Settlement For Traders Hit By 2013 Default
The Supreme Court on Monday refused to interfere with the approval of a Rs 1,950-crore settlement scheme for traders affected by the 2013 default at National Spot Exchange Ltd (NSEL), dismissing an appeal challenging orders of the NCLT and the NCLAT that had cleared the plan.
Case Title : LJ Tanna Enterprises vs National Spot Exchange Ltd
Case Number : C.A. 1485/2026
CITATION : 2026 LLBiz SC 101
The Supreme Court on Tuesday declined to interfere with a scheme by Bharti Telecom Ltd., the promoter holding company of Bharti Airtel, to cancel 2.84 crore shares held by minority shareholders through a reduction of share capital.
Case Title : Pannalal Bhansali & Ors vs Bharti Telecom Limited
Case Number : C.A. 7655/2025
CITATION : 2026 LLBiz SC 103
The Supreme Court on Thursday issued notice and made an order for pre-arrest bail to Ankit Sachdeva, a director of SRS Finance Ltd., whose anticipatory bail plea had earlier been dismissed by the Punjab & Haryana High Court by order dated March 4, 2024, which found prima facie involvement in a large-scale financial fraud.
Case Title : Ankit Sachdeva vs Serious Fraud Investigation Office
Case Number : Diary No. 68309 of 2025
Citation : 2026 LLBiz SC 151
The Supreme Court on Thursday held that a company cannot grant a loan to its director without special resolution of shareholders and where it is not for its business purposes and cancelled the bail of Satinder Singh Bhasin after finding that the Rs. 50 crore deposit was arranged using company funds in violation of the Companies Act.
Case Title : Satinder Singh Basin vs Government of NCT of Delhi & Ors
Case Number : MISCELLANEOUS APPLICATION NO.239 OF 2024
Citation : 2026 LLBiz SC 142
The Supreme Court on Friday issued notice in a plea by the liquidator of Ideal Jawa (India) Ltd. challenging a Karnataka High Court ruling that allowed Classic Legends Pvt. Ltd. and its founder Boman R. Irani to use the 'Yezdi' trademark after holding that the company no longer retained rights over it.
Case Title : OFFICIAL LIQUIDATOR OF M/S. IDEAL JAWA PRIVATE LIMITED Versus CLASSIC LEGENDS PRIVATE LIMITED AND ORS
Case Number : Diary No. 18873 of 2026
Supreme Court Stays ₹5 Lakh Cost Imposed To Set Aside NBWs In Adarsh Housing SFIO Case
The Supreme Court recently (April 27) issued notice on a petition filed by Meenakshi Modi, an accused in an SFIO case linked to the Adarsh Build Estate housing fraud, to examine the validity of a Rs 5 lakh cost imposed by the Punjab and Haryana High Court while setting aside non-bailable warrants against her.
The court stayed the condition till next hearing in August.
A bench of Justices Sanjay Kumar and K. Vinod Chandran limited the notice to this aspect and directed Modi to appear before the trial court within one week.
Case Title : MEENAKSHI MODI VERSUS SERIOUS FRAUD INVESTIGATION OFFICER
Case Number : Petition for Special Leave to Appeal (Crl.) No. 7450/2026
The Supreme Court has recently held that an investor can, in certain cases, maintain oppression and mismanagement proceedings under the Companies Act, 1956 even if his name was never entered in the company's register of members, particularly where the company had consistently recognised and treated him as a stakeholder.
Case Title : DR. BAIS SURGICAL AND MEDICAL INSTITUTE PVT. LTD. & ORS. Vs DHANANJAY PANDE
Case Number : CIVIL APPEAL NO. 8973 OF 2010
CITATION : 2026 LLBiz SC 176
On Friday, 22 May, the Supreme Court issued notice on a plea filed by Hindusthan National Glass & Industries Ltd, a corporate debtor, challenging the Calcutta High Court judgment dated 15 May 2026. The judgement had held that the company could not shift its registered office from Kolkata to Mumbai while appeals against its insolvency resolution plan remained pending before the NCLAT.
Case Title : HINDUSTHAN NATIONAL GLASS AND INDUSTRIES LIMITED Versus M/S JEEL KANDLA SERVICE AND ORS
Case Number : SLP(C) No. 18345/2026
The Supreme Court on Tuesday set aside a Calcutta High Court ruling that had held that once an e-vote is cast in the Annual General Meeting (AGM) of Birla Corporation Ltd., it could not subsequently be invalidated through later communications. The High Court had also held that the first vote cast on behalf of the societies must prevail.
Case Title : HINDUSTAN MEDICAL INSTITUTION vs BIRLA CORPORATION LTD AND ORS Case Number : SLP(C) No. 1182/2023
The Supreme Court has recently held that the validity of a vote cast on behalf of a society at a company's annual general meeting cannot be determined merely by who voted first. The Court ruled that voting authority must flow from the society's governing documents and the statutory framework regulating electronic voting.
Case Title : HINDUSTAN MEDICAL INSTITUTION vs BIRLA CORPORATION LTD AND ORS Case Number : SLP (C) NO. 1182 OF 2023
CITATION : 2026 LLBiz SC 218
Supreme Court Refers Jindal Poly Films Minority Shareholder's Class Action Dispute To Arbitration
The Supreme Court on Monday referred to arbitration a class action dispute brought by minority shareholders of Jindal Poly Films Ltd. over alleged undervalued related-party transactions.
In doing so, it set aside NCLT and NCLAT rulings that had permitted the shareholders' Section 245 class action petition to proceed.
Case Title : JINDAL POLY FILMS LTD vs MONET SECURITIES PRIVATE LIMITED & ORS. Case Number : Diary No. 25829 of 2026
CITATION : 2026 LLBiz SC 222
HIGH COURT
The Kerala High Court, in a recent decision, directed the Union government to comply with a 2009 Delhi High Court order and decide if the Sree Narayana Dharma Paripalana Yogam (SNDP Yogam) is governed by the Companies Act or the Kerala Non-Trading Companies Act
Case No: WA No. 2023 of 2024 and connected cases
Case Title: Binu Surendran and Anr. v. V. Vijayakumar and Ors. and connected cases
Citation: 2026 LiveLaw (Ker) 1
The Calcutta High Court has clarified that the central government cannot initiate prosecution under the Companies Act on the basis of an interim report submitted by the Serious Fraud Investigation Office and must wait for the final investigation report after completion of the probe.
Case Title: Sunil Kumar Agarwal vs Serious Fraud Investigation Office
Case Citation: 2026 LLBiz HC (CAL) 14
Case Number: WPA No. 12186 of 2025
The Delhi High Court has said that a company's inability to pay its dues because of financial distress is a civil issue, not a criminal offense. A director cannot be prosecuted for cheating unless there is clear proof of personal fraud or personal gain.
Case Title : Arun Kumar Bagla v. SCJ Plastics Ltd.
Case Number : W.P. (CRL) 2165/2019 & CRL. M.A. 32848/2019
CITATION : 2026 LLBiz HC (DEL) 46
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.
Case Title : V.J. Joseph v. The India Cements Limited and Ors.
Case Number : Crl.Rev.Pet. No. 92 of 2019
CITATION : 2026 LLBiz HC (KER) 22
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.
Case Title : KSL & Industries Ltd vs Patheja & Auto Parts Manufacturing Ltd
Case Number : Company Application No. 506 OF 2018
CITATION : 2026 LLBiz HC (BOM) 70
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
Case Title : Debanjan Hazra Vs. The Serious Fraud Investigation Office & Ors.
Case Number : W.P.A. No. 2772 of 2026
CITATION : 2026 LLBiz HC (CAL) 52
The Calcutta High Court on March 12 allowed an appeal filed by Industrial Investment Bank of India Limited (IIBI). The court set aside a single judge's order that had confirmed an interim direction requiring the bank to set apart properties worth Rs 2 crore in a dispute relating to a resolution adopted in its 13th Annual General Meeting regarding redemption of preference shares.
Case Title : Industrial Investment Bank of India Limited (In Voluntary Liqn.) Vs. Smt. Persis A. Khambatta & Another
Case Number : APO No. 339 of 2017
CITATION : 2026 LLBiz HC (CAL) 68
Condonation Of Delay In Filing Returns For Company Not Available To Directors: Kerala High Court
The Kerala High Court on Thursday held that condonation of delay in filing annual returns does not wipe out the statutory disqualification incurred by directors for failure to file returns for consecutive financial years. The court observed that the benefit of condonation available to the company cannot be extended to its directors.
Case Title : Prof M.K Sanoo and Anr v. State of Kerala and Ors
Case Number : WP(C) No. 8095 of 2024
CITATION : 2026 LLBiz HC (KER) 51
The Gujarat High Court on 9 March held that where a claimant has already furnished a valid succession certificate under the Investor Education and Protection Fund (IEPF) Rules for transfer of shares, an indemnity bond cannot be insisted upon.
Case Title : Daksha Nanavati vs Investor Education and Protection Fund Authority and Anr
Case Number : R/Special Civil Application No. 12112 of 2023
CITATION : 2026 LLBiz HC(GUJ) 40
Karnataka High Court Holds Pre‑Winding-Up Lease By Mysore Kirloskar Ltd To KIAMS Fraudulent
The Karnataka High Court on 17 February held that a lease executed by the erstwhile management of Mysore Kirloskar Ltd in favour of Kirloskar Institute of Advanced Management Studies (KIAMS) was a fraudulent and sham transaction intended to defeat creditors and was therefore void from inception
Case Title : Official Liquidator vs Kirloskar Institute of Advanced Management Studies
Case Number : ORIGINAL SIDE APPEAL NO. 19 OF 2015
CITATION : 2026 LLBiz HC (KAR) 37
The Delhi High Court has observed that the question of extending the vigil/whistleblower mechanism prescribed under Section 177 of the Companies Act, 2013, to unlisted companies is a matter of legislative policy and cannot be directed by courts through judicial orders.
Case Title : Manoj Kumar Grover v. Union Of India Through Ministry Of Corporate Affairs & Ors.
Case Number : W.P.(C) 7051/2020
CITATION : 2026 LLBiz HC (DEL) 290
Calcutta High Court Holds Issue Of Appointing Woman Director Triable In Case Against Rashmi Metaliks
The Calcutta High Court has refused to quash criminal proceedings against Rashmi Metaliks Ltd and its directors for alleged non-compliance with the mandatory requirement under Section 149 of the Companies Act to appoint at least one woman director.
Case Title : Rashmi Metaliks Ltd & Ors vs State of West Bengal and Another
Case Number : CRR 482 OF 2025
CITATION : 2026 LLBiz HC (CAL) 75
The Bombay High Court on Monday granted leave under Clause XII of the Letters Patent to Kuki Investments Limited, a company owned by Raj Kundra, to institute a suit challenging an anti-suit injunction passed by the High Court of England and Wales in a dispute relating to the affairs of IPL franchise Rajasthan Royals.
Case Title : Kuki Investments Ltd vs Emerging Media Ventures Ltd & Ors
Case Number : LEAVE PETITION (L) NO. 9778 OF 2026
CITATION : 2026 LLBiz HC (BOM) 160
No 'Deemed Liability' For Company Directors Under Negotiable Instruments Act: Calcutta High Court
The Calcutta High Court has recently held that there is no deemed liability for a director merely by virtue of his designation, emphasising that specific factual averments in a complaint linking a director to the day-to-day management of the company are a jurisdictional prerequisite under Section 141 of the Negotiable Instruments Act.
Case Title : Masud Tarif vs State of West Bengal & Ors
Case Number : CRR 2128 OF 2025
CITATION : 2026 LLBiz HC (CAL) 78
The Bombay High Court has held that service of an insolvency notice on a firm or any one of its partners amounts to valid service on all partners under the Presidency Towns Insolvency Act, 1909.
The court rejected the argument that limitation should be counted from the last date of service on each partner.
Case Title : MA Castle Infrastructure Company and Ors v. Anil Kainya
Case Number : Insolvency Petition No. 12 of 2023
Citation : 2026 LLBiz HC(BOM) 180
HSCC MD Not A 'Civil Post' Under Union, CAT Lacks Jurisdiction: Delhi High Court
The Delhi High Court has held that the managing director of HSCC India, a government-owned company, does not hold a civil post under the Union and therefore cannot invoke the jurisdiction of the Central Administrative Tribunal.
Case Title : NBCC INDIA LIMITED AND ANR vs NOVMAN AHMED AND ANR
Case Number : W.P.(C) 3162/2026
Citation : 2026 LLBiz HC (DEL) 333
Only NCLT Can Decide Premature Loan Repayment Disputes Under RBI Act: Allahabad High Court
The Allahabad High Court on 31 March held that under Section 45QA of the Reserve Bank of India Act, 1934 read with Section 430 of the Companies Act, 2013, only the National Company Law Tribunal (NCLT) has the jurisdiction to decide disputes regarding premature repayment of a loan.
Case Title : Shivam Traders And Hire Purchase Pvt. Ltd. v. Madhusudan Vehicles Pvt. Ltd.
Case Number : FIRST APPEAL No. - 253 of 2025
Citation : 2026 LLBiz HC (ALL) 30
On 6 April, the Bombay High Court held that only the NCLT can decide disputes over shareholding or rectification of the register of members, and civil courts have no jurisdiction under Section 430 of the Companies Act, 2013.
Case Title : Satvik Rajiv Samani and Anr v. Shardaben Prabhudas Samani and Anr
Case Number : Notice of Motion No. 726 of 2014
Citation : 2026 LLBiz HC (BOM) 190
The Karnataka High Court has recently set aside a Commercial Court order directing Komtech Plastic Technologies India Pvt. Ltd. to pay USD 114,041 to Zrii Technologies Inc., holding that a time-barred claim cannot be revived through assignment of receivables, while modifying relief granted on equity shares.
Case Title : Komtech Plastic Technologies India Pvt. Ltd. vs. Zrii Technologies Inc.
Case Number : COMAP No. 502 of 2025
Citation : 2026 LLBiz HC (KAR) 50
The Company Law Tribunal Bar Association, Prayagraj, has moved the Allahabad High Court challenging a public notice dated February 27, 2026 issued by the Registrar of the National Company Law Tribunal (NCLT), Principal Bench, which alters the scrutiny mechanism for filings before the Jaipur and Allahabad Benches.
The Madras High Court on Thursday refused to direct the National Company Law Tribunal (NCLT), Chennai Bench, to expeditiously dispose of an application filed by Karti P. Chidambaram, son of former Union Minister P. Chidambaram, in PMLA proceedings against him, seeking defreezing of his bank account, holding that such directions would place “unnecessary pressure” on judicial forums.
Case Title : Mr. Karti P. Chidambaram v. Union of India and Ors
Case Number : WP No. 15092 of 2026
Citation : 2026 LLBiz HC(MAD) 102
The Calcutta High Court on Thursday quashed criminal proceedings initiated by the Registrar of Companies against the Company Secretary and a Director of Binani Cements Ltd. over an error in XBRL filings made with the Registrar, holding that the absence of mens rea and non-compliance with the mandatory procedure under Section 202 CrPC rendered the prosecution unsustainable.
Case Title : ATUL PUKHRAJ FALGUNIA -VS- STATE OF WEST BENGAL & ORS, RAMKRISHNA MOOGIMANE -VS- STATE OF WEST BENGAL & ORS.
Case Number : CRR 4387 OF 2022
Citation : 2026 LLBiz HC (CAL) 89
The Madhya Pradesh High Court on 9 April held that offences under the Insolvency and Bankruptcy Code, 2016 (IBC) must be tried by the Special Court having jurisdiction over the place where the company's registered office is situated, and not on the basis of the residence of directors or the place of alleged non-compliance.
Case Title : Vinay Bhadauria v. Insolvency and Bankruptcy Board of India
Case Number : Misc.Criminal Case No. 32697 of 2022
Citation : 2026 LLBiz HC (MP) 24
The Calcutta High Court has refused to stay a single judge's order that stepped in to undo alleged fraudulent dealings in the decades-old liquidation of Chrestien Mica Industries Ltd., holding that the High Court exercising company jurisdiction retains authority once winding-up proceedings reach an “irreversible stage."
Case Title : NOMURA INVESTMENT AND FINANCE PRIVATE LIMITED Vs OFFICIAL LIQUIDATOR
Case Number : APO/1/2026 WITH CP/117/1979
Citation : 2026 LLBiz HC (CAL) 92
The Bombay High Court has held that while an amalgamation order is chargeable to stamp duty as a “conveyance”, stamp authorities cannot levy duty on such an order by treating accounting entries such as goodwill, share premium, or profit and loss figures as consideration in the absence of any real issuance of shares or payment of money.
Case Title : Seco Tools India Pvt Ltd vs State of Maharashtra & Ors
Case Number : WRIT PETITION NO.3704 OF 2011
Citation : 2026 LLBiz HC (BOM) 222
The Bombay High Court at Goa on Monday quashed criminal proceedings initiated against the directors of a company under the Companies Act, 1956, holding that the auditor's remark was merely a general observation or recommendation and did not constitute a “reservation, qualification, or adverse remark” so as to attract penal liability.
Case Title : Mrs Radha Satish Timblo and Ors v. The Union of India and Ors
Case Number : Criminal Writ Petition No. 6 of 2024
Citation : 2026 LLBiz HC(BOM) 238
Calcutta High Court Quashes LOC Against Ex-Elder Pharma Employee In ₹1,300 Crore SFIO Probe
The Calcutta High Court has quashed a Look Out Circular against Debanjan Hazra, a former Elder Pharmaceuticals employee living in China since 2013, holding that it violated his right to personal liberty under Article 21.
A Division Bench of Justices Shampa Sarkar and Ajay Kumar Gupta, in appeal, held the LOC was based on “speculative apprehension” and was “arbitrary and disproportionate,” noting that the SFIO probe into the alleged Rs. 1300 crore siphoning had ended and no prosecution had been initiated.
Case Title : Debanjan Hazra Vs. The Serious Fraud Investigation Office & Ors.
Case Number : MAT 474 of 2026 With CAN 1 of 2026
CITATION : 2026 LLBiz HC (CAL) 100
Transactions During Winding-Up Can Be Validated If Beneficial To Creditors: Bombay High Court
The Bombay High Court on 4 May held that transactions entered into during pendency of winding-up proceedings ought to be validated if they benefit the company or its creditors. The Court accordingly rejected the Official Liquidator's plea seeking to declare void a Rs. 27 crore sale of Milestone Interactive Pvt. Ltd.'s property in favour of M.M. Styles Private Limited.
Case Title : Rajkumar Mohansing Bajaj Versus Milestone Interactive Pvt. Ltd.
Case Number : COMPANY PETITION NO. 525 OF 2015
CITATION : 2026 LLBiz HC (BOM) 285
NCLT Has Exclusive Jurisdiction Over Internal Company Mismanagement Disputes: Bombay High Court
The Bombay High Court on 4 May held that civil courts cannot entertain interim relief claims arising from allegations of internal company mismanagement, as such disputes fall within the jurisdiction of the National Company Law Tribunal (NCLT) under the Companies Act, 2013.
Case Title : Ocean Deity Investment Holdings Vs Sarang Wadhawan & Ors
Case Number : INTERIM APPLICATION NO. 2505 OF 2020 IN COMMERCIAL SUIT NO. 128 OF 2021
CITATION : 2026 LLBiz HC(BOM)282
The Bombay High Court on Wednesday disposed of as withdrawn a petition seeking a stay on the May 16 board meeting of the Sir Ratan Tata Trust (SRTT) after expressing serious displeasure over the manner in which the proceedings were instituted.
A vacation bench of Justices Advait Sethna and Sandesh Patil expressed shock after noting that petitioner Suresh Patilkhede had sought a stay on the SRTT board meeting based on representations pending before the Charity Commissioner even though those representations had been filed by unidentified third parties and not by the petitioner himself.
Case Title : Suresh Tulasiram Patilkhede vs State of Maharashtra
Case Number : (WP(L)/16263/2026)
CITATION : 2026 LLBiz HC (BOM) 293
The Madhya Pradesh High Court at Gwalior has recently held that where the law does not require prior government sanction to prosecute, authorities cannot rely on time spent awaiting administrative instructions to extend the two-year limitation period for filing a criminal complaint.
Case Title : JAIDEEP ISPAT AND ALLOYS PVT. LTD. Vs REGISTRAR OF COMPANIES MINISTRY OF CORPORATE AFFAIRS
Case Number : MISC. CRIMINAL CASE No. 46274 of 2024
CITATION : 2026 LLBiz HC (MP) 34
The Madhya Pradesh High Court has sent back for fresh consideration a dispute over the sale of assets of Bharat Commerce and Industries Ltd., finding that the Company Judge did not consider a bidder's arguments for entertaining a higher post-auction offer.
Case Title : DILIP KUMAR AGRAWAL Vs MS BHARAT COMMERCE AND INDUSTRIES LTD Case Number : COMPANY APPEAL No. 12 of 2026
CITATION : 2026 LLBiz HC (MP) 35
The Andhra Pradesh High Court at Amaravati on 7 May held that commercial solvency alone cannot defeat a winding-up petition when the debt is admitted and no bona fide dispute exists. The Court reiterated that the existence of a genuine dispute determines maintainability under Section 433(e) of the Companies Act, 1956.
Case Title : BGR Energy Systems Ltd Vs Sanghvi Movers Limited
Case Number : ORIGINAL SIDE APPEAL NO: 8/2015
CITATION : 2026 LLBiz HC(APH) 37
The Bombay High Court has held that penalties for defective filings relating to the issuance of securities cannot be imposed through a mechanical computation exercise without examining the nature, gravity, and impact of the default.
It also called arbitrary the multiplication of penalties based solely on the number of directors on a company's board, while modifying a ₹64 lakh penalty imposed on a Nidhi company and its directors.
Case Title : N.S.J.L Nidhi Ltd Throu. Its Rohit K Bhamburdekar and Ors Versus The Regional Director (Wr) Ministry Of Corporate Affair And Anr.
Case Number : WRIT PETITION NO. 10782 OF 2024
CITATION : 2026 LLBiz HC (BOM) 298
Delhi High Court Stays MCA Penalty Orders Against Microsoft CEO Satya Nadella, LinkedIn
The Delhi High Court recently stayed orders imposing penalties on Microsoft CEO Satya Nadella, LinkedIn chief executive Ryan Roslansky, LinkedIn Technology Information Pvt. Ltd., and several of its current and former directors over alleged violations of significant beneficial ownership disclosure norms under company law.
Case Title : LINKEDIN TECHNOLOGY INFORMATION PVT. LTD. & ORS. vs UNION OF INDIA & ORS
Case Number : W.P.(C) 6677/2026
CITATION : 2026 LLBiz HC (DEL) 529
The Calcutta High Court has held that pending company winding-up petitions before High Courts can be transferred to the National Company Law Tribunal even after admission, a winding-up order, and appointment of an Official Liquidator, so long as the proceedings have not reached an irreversible stage.
Case Title : SHIVA SHAKTI SECURITY SERVICES Vs OFFICIAL LIQUIDATOR
Case Number : APOT/316/2023 WITH CP/49/2016
CITATION : 2026 LLBiz HC (CAL) 133
Telangana HC Quashes EPF Default Case Against Company's MD, Says Designation Alone Insufficient
The Telangana High Court has quashed criminal proceedings against the Chairman and Managing Director of Sankhya Infotech Limited in a case alleging non-remittance of Employees' Provident Fund (EPF) contributions. The Court held that the material on record did not disclose a prima facie sustainable case against him.
Case Title : N Sridhar v. State of Telangana and Anr.
Case Number : Criminal Petition No. 11796 of 2024
CITATION : 2026 LLBiz HC (TEL) 32
Delhi HC Refuses To Quash Case Against Aryan Energy, Says Coal Beneficiation Issue Must Go To Trial
On 1 June, the Delhi High Court refused to quash criminal proceedings against Aryan Energy Pvt Ltd., holding that whether coal beneficiation amounts to “manufacturing” under the Companies Act, 2013 requires evidence and cannot be decided at the stage of quashing.
Case Title : ARYAN ENERGY PVT. LTD vs UNION OF INDIA & ORS
Case Number : CRL.M.C. 4350/2018
CITATION : 2026 LLBiz HC (DEL) 586
The Karnataka High Court has recently quashed criminal proceedings against chartered accountant M.N. Gunasheela, a former director of Vihaan Direct Selling (India) Pvt Ltd, in connection with a complaint concerning the affairs of the company.
Case Title : MOODBIDRI NAGAVARMA GUNASHEELA vs REGISTRAR OF COMPANIES, KARNATAKA
Case Number : CRIMINAL PETITION No.12441 OF 2022
CITATION : 2026 LLBiz HC (KAR) 78
The Calcutta High Court on 8 June held that a Company Court may transfer a pending winding-up proceeding to the National Company Law Tribunal (NCLT) even in the absence of a formal application by any party, provided it applies its mind and finds that the liquidation has not reached an irreversible stage.
Case Title : ANIL KUMAR MURARKA -VERSUS- THE OFFICIAL LIQUIDATOR AND ANR. Case Number : APO/44/2025 With CP/413/2015
CITATION : 2026 LLBiz HC (CAL) 155
NCLT Consent Order Does Not Bar Appeal Against Unconsented Penalty: Kerala High Court
The Kerala High Court on 10 June held that even where an order of the National Company Law Tribunal (NCLT) is recorded as a consent order, a party may still challenge a penal condition before the appellate tribunal if it was not specifically consented to.
Case Title : M/s Granox Paper & Boards (P) Ltd and Anr v. National Company Law Tribunal and Anr
Case Number : WP(C) No. 12795 of 2026
CITATION : 2026 LLBiz HC(KER) 110
Bona Fide Dispute Over Liability Bars Winding Up Proceedings: Madhya Pradesh High Court
The Madhya Pradesh High Court at Gwalior on 22 June held that a bona fide dispute over the rate of goods supplied to a company bars initiation of winding-up proceedings under Sections 433(e), 434(1)(a) and 439(1)(d) of the Companies Act, 1956.
Case Title : MAHAVIR ENTERPRISES Vs GWALIOR SUGAR COMPANY LTD
Case Number : COMPANY PETITION No. 12 of 2010
CITATION : 2026 LLBiz HC (MP) 49
NCLAT
NCLAT Refuses To Interfere With NSEL Spot Exchange Settlement, Says NCLT Did Not Exceed Jurisdiction
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently refused to interfere with an order of the Mumbai bench approving a ₹1,950-crore one-time settlement for traders affected by the 2013 National Spot Exchange Ltd default, holding that the National Company Law Tribunal did not exceed its jurisdiction while sanctioning the scheme.
Case Title : L.J. Tanna Enterprises Private Limited & Ors. v. National Spot Exchange Limited
Case Number : Company Appeal (AT) No. 03/2026
CITATION : 2026 LLBiz NCLAT 19
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.
Case Title : Company Appeal (AT)(Insolvency) No. 436 of 2022
Case Number : Company Appeal (AT)(Insolvency) No. 436 of 2022
CITATION : 2026 LLBiz NCLAT 32
Jindal Poly Tells NCLAT Class Action Order Hit Share Price, Seeks Interim Relief
The National Company Law Appellate Tribunal (National Company Law Appellate Tribunal) on Monday 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 tribunal will continue hearing the appeal tomorrow.
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 (NCLAT) at Chennai on Monday 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.
Case Title : Think & Learn Pvt Ltd vs Aakash Educational Services Ltd & 23 Ors
Case Number : Company Appeal (AT) (CH) No. 137/2025
CITATION : 2026 LLBiz NCLAT 34
NCLAT Dismisses Appeal Against Order Allowing Former Promoters To Represent Aquafil Polymers
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.
Case Title : Dr. Anita Roy v. Aquafil Polymers Company Private Limited and Ors.
Case Number : Company Appeal (AT) No. 81 of 2023
CITATION : 2026 LLBiz NCLAT 58
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.
Case Title : Jindal Poly Films Ltd. Vs. Ankit Jain & Ors.
Case Number : Comp. App. (AT) No. 47 of 2026
CITATION : 2026 LLBiz NCLAT 64
The National Company Law Appellate Tribunal at Chennai recently modified an order of the NCLT which had dismissed a company petition on the ground of non-joinder of a necessary party.Legal
Case Title : Mrs Duan Hongli and Anr v. Al-Sami Agro Products Private Limited and Ors
Case Number : Company Appeal (AT)(CH) No.02/2026
CITATION : 2026 LLBiz NCLAT 77
The National Company Law Appellate Tribunal (NCLAT) at Chennai on Monday stayed an order appointing an administrator to oversee the affairs of Indus Motor Company Pvt Ltd, a major Maruti Suzuki dealership group in Kerala, though it declined to interfere with the direction for a central government investigation into the company's affairs.
Case Title : Jaber Abdul Wahab and Ors v. T.P Anilkumar and Ors
Case Number : Company Appeal (AT) (CH) No.129/2025
CITATION : 2026 LLBiz NCLAT 85
The National Company Law Appellate Tribunal (NCLAT) at Delhi on Monday held that shareholder approval through a special resolution under Section 180(1)(a) of the Companies Act, 2013, is required only when a company sells an "undertaking." The provision does not apply when a company disposes of an individual asset.
Case Title : Madhukar Anantrao Pathak Vs MPTA Limited
Case Number : Company Appeal (AT) 109/2025
CITATION : 2026 LLBiz NCLAT 89
The National Company Law Appellate Tribunal (NCLAT) at Delhi has held that increasing the authorised share capital and issuing rights shares without notice to continuing shareholders in a closely-held family company amounted to oppression, after finding that the company proceeded on the assumption that certain shareholders had resigned even though the validity of their resignation itself was disputed.
Case Title : Suresh Kumar Agarwal & Ors Vs J.B. Daruka Papers Ltd & Ors
Case Number : Company Appeal (AT) 261-263/2025
CITATION : 2026 LLBiz NCLAT 104
NCLAT Dismisses MMTC Appeal Against NSEL's Settlement Scheme With Traders
The National Company Law Appellate Tribunal (NCLAT) at Delhi on Monday rejected a challenge by state-run trading company MMTC Limited to a settlement scheme approved for National Spot Exchange Ltd., holding that the scheme cannot be reopened once it has been upheld in earlier proceedings and affirmed by the Supreme Court.
Case Title : MMTC Limited Vs National Spot Exchange Ltd
Case Number : Company Appeal (AT) 34/2026
CITATION : 2026 LLBiz NCLAT 128
NCLAT Chennai Holds Share Purchase Rights Forfeited By Delay In Exercising First Option
The National Company Law Appellate Tribunal (NCLAT) at Chennai on 26 February dismissed an appeal by PM Johny challenging an NCLT order that permitted respondents to purchase shares at a higher valuation, holding that the appellant forfeited the right by failing to act at the appropriate stage.
Case Title : P.M Johny v. K.J Paul and Ors
Case Number : Company Appeal (AT)(CH) No. 7/2022
Citation : 2026 LLBiz NCLAT 137
Non-Compete Clause In Shareholder Agreement Binding On Auction Purchaser: NCLAT New Delhi
On 8 April, the New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) has held that non-compete obligations contained in a shareholder agreement can bind a purchaser of shares even if those obligations are not incorporated into the Articles of Association, particularly where the acquisition takes place through a liquidation auction.
Case Title : GH Energy Pvt. Ltd. Vs Flovel Hydro Technologies Pvt Ltd & Mecamidi S.A.
Case Number : Company Appeal (AT) 87/2024
Citation : 2026 LLBiz NCLAT 144
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently set aside a Kolkata NCLT order that had cancelled the allotment of 30,000 shares made in 1987–88 and the sale of 15,626 shares in Peerless General Finance & Investment Co. Ltd. (PGFI). It held that no case of oppression or mismanagement was made out under Sections 397–398 of the Companies Act, 1956.
Case Title : The Peerless General Finance Investment Co Ltd Vs Bhagwati Developers Pvt Ltd & Ors
Case Number : Company Appeal (AT) 121/2022, 123/2022 & 124/2022
Citation : 2026 LLBiz NCLAT 154
High Courts Cannot Bypass Statutory Remedy Through Writ Jurisdiction: NCLAT Chennai
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) on 30 April held that High Courts should not ordinarily exercise writ jurisdiction under Article 226 when a statutory appellate remedy exists under the Companies Act framework.
Case Title : Mr. Rajeev Vidhyadharan @ Rajeev Anchal and Anr v. P.J Mathews and Ors
Case Number : IA No. 1812 of 2025 in Company Appeal(AT)(CH) No. 162 of 2025
CITATION : 2026 LLBiz NCLAT 195
The National Company Law Appellate Tribunal on Tuesday dismissed an appeal by Nirtex Exports & Investment Pvt. Ltd. and other specified creditors challenging the NCLT's approval of a settlement scheme in the 2013 National Spot Exchange Ltd. payment default matter, particularly provisions barring parallel claims against brokers.
Case Title : Nirtex Exports & Investment Pvt Ltd & Ors Vs National Spot Exchange Limited
Case Number : Company Appeal (AT) 31/2026
CITATION : 2026 LLBiz NCLAT 214
The National Company Law Appellate Tribunal (NCLAT) in Delhi has dismissed an appeal by a former Stone Age Pvt Ltd director, holding that it cannot act as a court of first instance to decide her argument that her removal from directorship was illegal because the company's Articles of Association did not require a whole-time director to seek reappointment.
Case Title : Shefali Agarwa Vs Stone Age Pvt Ltd & Ors
Case Number : Company Appeal (AT) 225/2023
CITATION : 2026 LLBiz NCLAT 217
Only Central Government Can Order SFIO Probes, Not Company Tribunals: NCLAT
The National Company Law Appellate Tribunal (NCLAT) in Delhi has recently reiterated that company tribunals cannot directly order a Serious Fraud Investigation Office probe, ruling that the power to direct such an investigation rests with the Central Government.
Case Title : Nitin Ramchandra Jadhav & Ors Vs Vijendra Kumar Jain & Ors
Case Number : Company Appeal (AT) (Insolvency) 1044/2024
CITATION : 2026 LLBiz NCLAT 224
NCLAT Refuses Stay On EOGM For Removal Of Jagran Prakashan Independent Directors
The New Delhi National Company Law Appellate Tribunal (NCLAT) on 26 May declined to stay the Extraordinary General Meeting (EOGM) convened for the removal of independent directors of Jagran Prakashan Limited (JPL) and disposed of the appeal filed by the directors.
Case Title : JAGRAN PRAKASHAN LIMITED Vs MAHENDRA MOHAN GUPTA & ORS
Case Number : Company Appeal (AT) 189/2026
CITATION : 2026 LLBiz NCLAT 240
IL&FS Fraud Case: NCLAT Restrains Further Action Against Deloitte, SRBC, BSR
The National Company Law Appellate Tribunal (NCLAT) has recently restrained further action against Deloitte Haskins & Sells LLP, SRBC & Co LLP, BSR & Associates LLP and other auditors under Section 339 of the Companies Act, 2013 in the IL&FS matter, pending consideration of their challenge to the maintainability of the proceedings.
Case Title : Udayan Sen Vs Union of India
Case Number : Company Appeal (AT) 192/2026, 193/2026, 199/2026, 200/2026, 201/2026, 214/2026, 215/2026
CITATION : 2026 LLBiz NCLAT 250
Eros International Media Limited has approached the National Company Law Appellate Tribunal (NCLAT) against an order that sent to arbitration its dispute with the promoters of Colour Yellow Productions Pvt. Ltd., including filmmaker Aanand L. Rai.
Case Title : Eros International Media Limited Vs Colour Yellow Productions Private Limited & Ors
Case Number : Company Appeal (AT) No. 231 of 2026
Advance Paid For Kerala Trade Centre Space Not A Deposit With Kerala Chamber Of Commerce: NCLAT
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) on 2 June held that an advance of Rs. 30,00,000 paid towards the Kerala Trade Centre project did not constitute a deposit with the Kerala Chamber of Commerce & Industry, but represented only an advance for booking space in a separate entity.
Case Title : K.M. Abdulla Vs Kerala Chamber of Commerce & Industry
Case Number : Company Appeal (AT) (CH) No. 57/2021
CITATION : 2026 LLBiz NCLAT 256
NCLT
NCLT Mumbai Approves Demerger Of Vedanta's Merchant Power Business Into Talwandi Sabo Power
The Mumbai bench of the National Company Law Tribunal (NCLT) on Friday approved a restructuring move within the Vedanta group, clearing the demerger of the merchant power business of Vedanta Ltd and its transfer to Talwandi Sabo Power Ltd.
Case Title: Vedanta Ltd, Vedanta Aluminum Metal Ltd, Talwandi Sabo Power Ltd, Malco Energy Ltd, Vedanta Base Metals Ltd, Vedanta Iron and Steel Ltd
Citation: 2026 LLBiz NCLT (BOM) 34
Case Number: C.P.(CAA)/254/(MB)2025, C.A.(CAA)/220(MB)2024
NCLT Orders Cadila Healthcare To Restore Shares Fraudulently Dematerialised From Two Senior Citizens
The National Company Law Tribunal (NCLT) at Ahmedabad has directed Cadila Healthcare Limited, now known as Zydus Lifesciences, to restore the shareholdings of two senior citizens after finding that their shares were fraudulently dematerialised without their consent. The tribunal also ordered the company to pay Rs 2 lakh to each of the two shareholders as costs.
Case Title : Satya Saxena v. Cadila Healthcare Ltd & Ors.
Case Number : Comp. Appeal No. 298 of 2019
CITATION : 2026 LLBiz NCLT (AHM) 39
NCLT Mumbai Sanctions Merger Of Bayer Zydus Into Bayer Pharmaceuticals
The National Company Law Tribunal (NCLT) at Mumbai has approved the merger of Bayer Zydus Pharma Pvt Ltd into Bayer Pharmaceuticals Pvt Ltd, as part of a group-level corporate restructuring exercise.
Case Title: Bayer Zydus Pharma Pvt Ltd and Bayer Pharmaceuticals Pvt Ltd
Case Citation: 2026 LLBiz NCLT (MUM) 42
Case Number: C.P. (CAA) /44 (MB) 2025 IN C.A. (CAA) /132 (MB) 2024
The National Company Law Tribunal at Mumbai has clarified that a statutory auditor cannot avoid liability for fraudulent filings by claiming misuse of his digital signature certificate (DSC) by his own employee
Case Title: Dattatray Maruti Khune vs Union of India Case
Citation: 2026 LLBiz NCLT (MUM) 50
Case Number: IA 1179 of 2020 IN CP / 2996/ (MB)/ 2019
Financial Creditor Cannot Avoid Liquidation Costs After Settling Dues Through OTS: NCLT Bengaluru
The National Company Law Tribunal (NCLT) at Bengaluru has held that a financial creditor that participated in the liquidation process and secured its dues through a one-time settlement cannot later avoid paying its share of liquidation costs for the ime it had taken part in it.
Case Title: Ravindranath Narayana Rao v. Jammu & Kashmir Bank Ltd
Case Number: I.A. No. 397 of 2025 in C.P. (IB) No. 286/BB/2019
Citation: 2026 LLBiz NCLT (BEN) 49
NCLT Chandigarh Clears Merger of 16 DLF Subsidiaries With Parent Company
The National Company Law Tribunal (NCLT) at Chandigarh has recently approved a scheme of amalgamation that will allow DLF Limited, a prominnet real estate company, to merge 16 of its wholly owned subsidiaries into the parent company.
Case Title: Aaralyn Builders & Developers Private Limited with Ors.
Citation: 2026 LLBiz NCLT (CHD) 61
Case Number: CP (CAA) No. 18/CHD/Hry/2025
The National Company Law Tribunal (NCLT) at Mumbai has observed that non-filing of annual returns and financial statements is, by itself, prejudicial to the interests of company members, as it exposes the company to the consequence of being struck off from the register of companies.
Case Title: Shailesh Shah & Anr. Vs Sunshine Realtors Pvt Ltd. & Ors Case
Citation: 2026 LLBiz NCLT (MUM) 62
Case Number: CP 59 OF 2015
Delta Corp Moves NCLT Mumbai For Demerger Of Its Gaming And Hospitality Businesses
Delta Corp, a listed gaming and hospitality company popularly known for its casinos under the Deltin brand. has approached the National Company Law Tribunal, Mumbai, seeking approval to demerge its businesses into two separate entities, one focused on the gaming business and the other on hospitality and real estate.
NCLT Allahabad Allows India Glycols To Proceed With Bio Pharma, Spirits Demerger
The National Company Law Tribunal (NCLT) at Allahabad has recently allowed India Glycols Limited, a listed green chemicals and bio-based products company, to move ahead with the proposed demerger that will split its biopharma business and its spirits and biofuel business into separate companies.
Case Title : India Glycols Limited and Ors.
Case Number : CA (CAA) NO. 36/ALD/2025 (First Motion)
CITATION : 2026 LLBiz NCLT (ALL) 69
The National Company Law Tribunal (NCLT) at Mumbai has held that the mere preparation of balance sheets and audited financial statements does not establish that a company was carrying on business or was in operation. Holding so, it upheld the Registrar of Companies' action in striking off the name of Radiant Inn Pvt Ltd from the register of companies.
Case Title : Deepak Ashutosh Bharadwaj, Suhani Deepak Bharadwaj vs The Registrar of Companies, Mumbai Case Number : Company Appeal No. 54/MB/ 2025 CITATION : 2026 LLBiz NCLT (MUM) 67
NCLT Ahmedabad Clears Cross-Border Merger of GNRL Oil & Gas Bahamas Unit With Indian Parent
The National Company Law Tribunal (NCLT) at Ahmedabad has cleared a cross-border merger that will see a Bahamas-based oil and gas company merged into its Indian parent.
Case Title : GNRL Oil and Gas Ltd. and Anr.
Case Number : CA (CAA) No. 12 of 2023
CITATION : 2026 LLBiz NCLT (AHM) 77
NCLT Mumbai Dismisses Workmen's Belated Wage Claims Against IL&FS, Cites Moratorium
The National Company Law Tribunal (NCLT) at Mumbai has dismissed an application filed by S.A. Azad, the authorised representative of 31 workmen, seeking admission of wage claims against Infrastructure Leasing and Financial Services Ltd. (IL&FS).
Case Title : S.A. Azad, Authorised Representative of Workmen vs Infrastructure Leasing and Financial Services Ltd.
Case Number : IA (COMPANIES.ACT)/120 (MB) 2025 IN CP/3638 (MB) 2018
CITATION : 2026 LLBiz NCLT (MUM) 79
Directors Can't Bypass CEO To Call Board Meeting In Producer Company: NCLT Kochi
The National Company Law Tribunal (NCLT) at Kochi has set aside a notice convening a board meeting of Harithamrutham Farmers Producer Company Limited, holding that the notice violated mandatory provisions of the Companies Act applicable to producer companies.
Case Title : Mrs Sunija Darsan v. Shelly Chandrangadan and Ors
Case Number : CP(C/ACT)/34(KOB)2021
CITATION : 2026 LLbiz NCLT (KOC) 86
Promoter Fund Infusion To Satisfy Bank's Terms Not a 'Deposit' Under Companies Act: NCLT Mumbai
The National Company Law Tribunal at Mumbai (NCLT) has held that unsecured money brought into a company by its promoters to meet a bank's lending condition does not qualify as a deposit under the Companies Act, and that repayment proceedings under the deposit provisions cannot be maintained.
Case Title : Ansumera Realty & Infra Pvt Ltd vs Vimla Thakarashi Dedhia
Case Number : Company Application 370 of 2022 In Company Petition 412 of 2021
CITATION : 2026 LLBiz NCLT (MUM) 78
NCLT Indore Approves Cistro Telelink's Capital Reduction To Write Off Pandemic Losses
The National Company Law Tribunal (NCLT) at Indore has approved a 40 percent reduction in the share capital of Cistro Telelink Limited, a Madhya Pradesh-based company engaged in software production and cable network distribution, holding that the proposal causes no prejudice to any stakeholder.
Case Title : Cistro Telelink Limited
Case Number : CP 4 (MP) of 2025
CITATION : 2026 LLBiz NCLT (IND) 91
Tribunal Can Ensure AGM Is Held, Cannot Step Into Post-AGM Issues: NCLT Kochi
The National Company Law Tribunal (NCLT) at Kochi has rejected a plea by Malabar Produce and Rubber Co Ltd, ruling that the tribunal can step in only when an Annual General Meeting is not held, and not to sort out problems that arise after a meeting has already taken place.
Case Title : Malabar Produce & Rubber Co Limited v. Joseph Stanislaus and Anr
Case Number : CP (C/ACT)/26/KOB/2025
CITATION : 2026 LLBiz NCLT (KOC) 99
The National Company Law Tribunal (NCLT) at Ahmedabad has cleared the first motion in a group restructuring exercise through which the Essar Group proposes to shift ownership of the “Essar” brand from one group company to another.
Case Title : Abhinand Ventures Pvt. Ltd. & Essar Power Ltd.
Case Number : CA (CAA)/1 (AHM) /2026
CITATION : 2026 LLBiz NCLT (DEL) 102
NCLT Mumbai Clears First Motion For Amalgamation Of Overseas Units Into NMDC Data Centre
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.
Case Title : Infin Data Centre Holdings Limited FZCO And Utility Holdings Limited FZCO With NMDC Data Centre Private Limited
Case Number : CA (CAA)/5/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 93
NCLT Hyderabad Approves Merger Of NCC Infrastructure Holdings With NCC Ltd
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.
Case Title : NCC Infrastructure Holdings Ltd & NCC Ltd Case Number : CP (CAA) No.38/230/HDB/2025 CITATION : 2026 LLBiz NCLT (HYD) 106
NCLT Ahmedabad Clears JK Paper Group's Composite Scheme To Consolidate Packaging Business
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.
Case Title : JKPL Utility Packaging Solutions Private Limited & Ors.
Case Number : CP (CAA)/55 (AHM) 2025
CITATION : 2026 LLBiz NCLT (AHM) 110
NCLT Approves Demerger Of Times Group's Non-Publishing Business Into Times Horizon
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.
Case Title : Benett, Coleman & Company Ltd with Times Horizon Pvt Ltd
Case Number : CP (CAA) NO. 266/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 112
NCLT Bengaluru Sanctions Cross-Border Merger Of MoEngage Inc With Indian Subsidiary
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.
Case Title : MoEngage India Private Limited v. MoEngage Inc
Case Number : CP(CAA) No.23/BB/2025
CITATION : 2026 LLBiz NCLT (BEN) 111
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.
Case Title : The Assistant Commissioner of Central Tax and Central Excise v. C.S Ramachandran and Anr
Case Number : IA(IBC)/506/KOB/2025 In CP(IBC)/21/KOB/2024
CITATION : 2026 LLBiz NCLT (KOC) 113
NCLT Orders Winding Up Of Netwealth Agrotech Over Fraudulent Deposit Schemes
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.
Case Title : Union of India vs Netwealth Agrotech India Ltd & Ors Case Number : CP/205/(MB)/2022 CITATION : 2026 LLBiz NCLT (MUM) 116
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.
Case Title : Ankit Jain & Ors. v. Jindal Poly Films Limited & Ors.
Case Number : IA(CA)-132/2024 in CP No. 58/245/PB/2024
CITATION : 2026 LLBiz NCLT (DEL) 117
NCLT Mumbai Clears JM Baxi Group's Scheme to Demerge Container and Corporate Services Businesses
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.
Case Title : JM Baxi Ports & Logistics Pvt Ltd, JM Baxi Container Holdings Pvt Ltd, JM Baxi Ports Services Pvt Ltd & Ors
Case Number : CP(CAA)/245/2024 In CA(CAA)/154/2024
CITATION : 2026 LLBiz NCLT (MUM) 114
Share Transfers During Liquidation Not Absolutely Barred, Subject To Tribunal Approval: NCLT Chennai
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.
Case Title : Epic Concesiones Private Limited v. N. Veerapandian
Case Number : IA(IBC) 1483/CHE/2025 in CP(IB) 114/CHE/2021
CITATION : 2026 LLBiz NCLT (CHE) 121
NCLT Kochi Allows Kitex Group Companies To Proceed With Proposed Demerger
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.
Case Title : Kitex Childrenswear Limited v. Kitex Garments Limited
Case Number : CA(CAA)/01/KOB/2026
CITATION : 2026 LLBiz NCLT (KOC) 122
NCLT Ahmedabad Sanctions Merger Of Sanghi Industries With Ambuja Cements
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.
Case Title : Sanghi Industries Limited and Anr. Case Number : CP(CAA)/61(AHM)2025 in CA(CAA)/49(AHM)2025 CITATION : 2026 LLBiz NCLT (AHM) 124
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.
Case Title : Somnath Biswas & Ors vs Asansol Club Ltd & Ors
Case Number : Company Petition (IB) No. 183/KB/2025
CITATION : 2026 LLBiz NCLT (KOL) 119
NCLT Chandigarh Clears First Motion For Panasonic Life Solutions To Demerge Its White Goods Business
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.
Case Title : Panasonic Life Solutions India Pvt Ltd with Panasonic India Pvt Ltd
Case Number : CA(CAA) No. 1/Chd/Hry/2026
CITATION : 2026 LLBiz NCLT (CHD) 127
Oppression Petition Not Maintainable Where The Principal Relief Sought Is Winding Up: NCLT Amaravati
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.
Case Title : Veer Bhoga Vasanta Rayalu Sabbavarapu & Anr. vs Sunray Green Space Pvt Ltd. & 8 Ors.
Case Number : IA(Companies Act)/25/2025 & IA(Companies Act)/26/2025 in CP/7/241/AMR/2024
CITATION : 2026 LLBiz NCLT (AMR) 132
NCLT Mumbai Clears First Motion For Merger Of Tech Mahindra's Three Wholly Owned Subsidiaries
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.
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
Case Number : CA (CAA)/3/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 140
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.
Case Title : Chattisgarh Investments Ltd and Sarda Dairy & Food Products Ltd
Case Number : C.A.(CAA)/261(MB)/2025
CITATION : 2026 LLBiz NCLT (MUM) 139
NCLT Ahmedabad Clears First Motion In Vitanosh Ingredients–Lactose India Merger
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.
Case Title : Lactose (India) Limited and Vitanosh Ingredients Private Limited
Case Number : CA (CAA) / 3 (AHM) 2026
CITATION : 2026 LLBiz NCLT (AHM) 142
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.
NCLT Chandigarh Approves Merger Of Bhamini Real Estate, DLF Urban Into DLF Home Developers
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.
Case Title : Bhamini Real Estate Developers Pvt Ltd, DLF Urban Pvt Ltd, DLF Home Developers Ltd
Case Number : CP (CAA) No. 39/CHD/Hry/2025
CITATION : 2026 LLBiz NCLT (CHD) 143
NCLT Chandigarh Approves Amalgamation Of Livpure Private Limited With Livpure Smart Homes
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.
Case Title : LivPure Pvt Ltd and LivePure Smart Homes Pvt Ltd
Case Number : C.P. (C.A.A.) No. 26/Chd/Hry/2025
CITATION : 2026 LLBiz NCLT (CHD) 151
NCLT Chandigarh Sanctions Merger Of Eight DLF Group Companies Into Highvista Buildcon
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.
Case Title : ADONCIA BUILDERS & DEVELOPERS PRIVATE LIMITED & ORS with HIGHVISTA BUILDCON PRIVATE LIMITED
Case Number : CP (CAA) No. 14/Chd/Hry/2025
CITATION : 2026 LLBiz NCLT (CHD) 153
NCLT Appoints Interim Administrator To Manage Mangalam Publications Amid Family Dispute
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.
Case Title : Mangalam Publications (India) Private Limited v. Toshma Biju Varghese and Ors
Case Number : IA(C/Act)/149/KOB/2024 in CP/13/KOB/2024
CITATION : 2026 LLBiz NCLT (KOC) 155
NCLT Ahmedabad Approves Adicon Tiles Demerger Into Asian Granito Subsidiary
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.
Case Title : Asian Granito India Limited and Ors.
Case Number : CP (CAA) 48 (AHM) 2025 in CA (CAA) 45 (AHM) 2024
CITATION : 2026 LLBiz NCLT (AHM) 156
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.
Case Title : JINDALJYOTI PREFAB PRIVATE LIMITED AND ANR.
Case Number : CA (CAA)No.2/Chd/Hry/2026
CITATION : 2026 LLBiz NCLT (CHD) 162
NCLT Mumbai Sanctions Merger Between Mirae Asset Sharekhan and Mirae Asset Financial Services
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
Case Title : Mirae Asset Sharekhan Financial Services Ltd (Amalgamating Company) and Mirae Asset Financial Services (India) Pvt Ltd
Case Number : C.A. (CAA) NO. 235 (MB)/2025
CITATION : 2026 LLBiz NCLT (MUM) 163
NCLT Finds Jawed Akhter's Conduct Oppressive, Structures Exit From Jawed Habib Hair and Beauty
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 : Jawed Akhtar Versus Jawed Habib Hair and Beauty Ltd. &Ors.
Case Number : C.P. 309(MB)2023, C.P. 14(MB)2024
CITATION : 2026 LLBiz NCLT (MUM) 164
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.
Case Title : Procter & Gamble Home Products Private Limited
Case Number : CP-241(MB)/2025
CITATION : 2026 LLBiz NCLT (MUM) 165
NCLT Bengaluru Approves First Motion In Aureustech–Happiest Minds Merger
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.
Case Title : Aureustech Systems Pvt Ltd and Happiest Minds Technologies Limited
Case Number : CA(CAA) No.41/BB/2025
CITATION : 2026 LLBiz NCLT (BEN) 170
NCLT Delhi Sanctions Merger Of Masibus Automation Into Sonepar India
The National Company Law Tribunal (NCLT) at Delhi has approved the amalgamation of Masibus Automation and Instrumentation Pvt. Ltd. with Sonepar India Pvt. Ltd., allowing the latter to absorb its subsidiary as part of a consolidation of operations.
Case Title : Sonepar India Private Limited Vs Nil
Case Number : Company Petition No. (CAA) - 59(ND)/2025
CITATION : 2026 LLBiz NCLT (DEL) 178
The National Company Law Tribunal at Bengaluru on 11 February, set aside the allotment of 59,500 equity shares made in favour of a director of Sha's Airborne Travels Pvt Ltd, holding that the increase in authorised share capital and the subsequent rights issue were illegal and void ab initio.
Case Title : Zeeshan Ali Khan and Anr v. Sha'S Airborne Travels Pvt Ltd and Ors
Case Number : CP No.98/BB/2023
CITATION : 2026 LLBiz NCLT (BEN) 179
NCLT Bengaluru Approves Amalgamation Of Shilpa Therapeutics With Listed Parent Shilpa Medicare
The National Company Law Tribunal (NCLT) at Bengaluru has recently approved the amalgamation of Shilpa Therapeutics Private Limited, a wholly owned subsidiary, into its listed parent Shilpa Medicare Limited, an intra-group merger within the Shilpa group.
Case Title : Shilpa Therapeutics Private Limited v. Shilpa Medicare Limited
Case Number : CP(CAA) No.44/BB/2024
CITATION : 2026 LLBiz NCLT (BEN) 181
The National Company Law Tribunal (NCLT) at Kochi on Friday held that a scheme of compromise or arrangement under Section 230 of the Companies Act, 2013 cannot be considered during the corporate insolvency resolution process (CIRP) in the absence of a liquidation order.
Case Title : N.K Kurian v. K Easwara Pillai
Case Number : IA(IBC)/115/KOB/2024 in CP(IB)/06/KOB/2022
CITATION : 2026 LLBiz NCLT (KOC) 18
NCLT Kochi Allows First Motion Plea In Kalyan Silks Demerger, Orders Unsecured Creditors' Meeting
The National Company Law Tribunal (NCLT) at Kochi on Monday allowed a first motion joint company application filed in connection with a proposed scheme of arrangement in the nature of a demerger between Thrissur-based textile retailer Kalyan Silks' group companies, Kalyan Silks Trichur Private Limited and Kalyan Silks Private Limited. The Tribunal also directed that a meeting of unsecured creditors of the demerged company be convened to consider the scheme.
Case Title : M/s Kalyan Silks Trichur Private Limited v. M/s Kalyan Silks Private Limited
Case Number : CA(CAA)//03/KOB/2026
CITATION : 2026 LLBiz NCLT (KOC) 195
NCLT Cuttack Approves Merger Of Godawari Energy Into Parent Godawari Power And Ispat
The National Company Law Tribunal (NCLT) at Cuttack has allowed the merger of Godawari Energy Limited with its parent company, Godawari Power and Ispat Limited, under the Companies Act.
Case Title : Godawari Energy Ltd and Godawari Power & Ispat Ltd
Case Number : CP(CAA) 16 OF 2025
CITATION : 2026 LLBiz NCLT (MUM) 196
The National Company Law Tribunal (NCLT) at Hyderabad has approved a composite scheme of amalgamation and arrangement under which six group companies will merge into Triumphant Institute of Management Education Pvt Ltd (TIME).
Case Title : Triumphant Institute of Management Education Private Limited (TPL) & Ors
Case Number : CP CAA 37 OF 2025
CITATION : 2026 LLBiz NCLT (HYD) 197
NCLT Kolkata Approves Merger Of Five Group Companies With BirlaNu Limited
The National Company Law Tribunal at Kolkata has sanctioned a scheme of amalgamation under which five companies, Crestia Polytech Pvt Ltd, Aditya Poly Industries Pvt Ltd, Aditya Polytechnic Pvt Ltd, Prabhu Sainath Polymers Pvt Ltd and Topline Industries Pvt Ltd, will merge into BirlaNu Limited.
Case Title : Crestia Polytech Ltd & Ors And BirlaNu Ltd
Case Number : C.P.(CAA) No 137/KB/2025
CITATION : 2026 LLBiz NCLT (KOL) 202
NCLT Chennai Approves Merger Of Four Group Companies With India Cements Ltd
The National Company Law Tribunal (NCLT), Chennai Bench, has sanctioned a Scheme of Amalgamation involving four companies of the India Cements group with The India Cements Limited.
Case Title : ICL Financial Services Limited and Ors with The India Cements Limited
Case Number : CA(CAA)/55/CHE/2025
CITATION : 2026 LLBiz NCLT (CHE) 204
NCLT Chennai Approves Merger Of Helios Strategic Systems With Listed Indo-National
The Chennai National Company Law Tribunal (NCLT) on 10 March, approved a Scheme of Amalgamation between Helios Strategic Systems Limited and Indo-National Limited.
Case Title : Helios Strategic Systems Limited v. Indo-National Limited
Case Number : CP(CAA) 48(CHE)/2025
CITATION : 2026 LLBiz NCLT (CHE) 205
The National Company Law Tribunal (NCLT) at Ahemdabad has held that Section 424(3) of the Companies Act cannot be invoked to enforce an alleged breach of a private settlement, observing that an order merely recording withdrawal of an insolvency petition does not contain any executable direction.
Case Title : Artha Energy Resources LLP v. Tesco Projects Limited .
Case Number : C.P. No. 27/(АНM)/2024
CITATION : 2026 LLBiz NCLT (AHM) 206
The National Company Law Tribunal at Hyderabad on March 11 approved a scheme of arrangement for the demerger of the Andhra Pradesh and Telangana automobile dealership business of Automotive Manufacturers Private Limited into Automotive Mobility Private Limited.
Case Title : Automotive Mobility Pvt Ltd AND Automotive Manufacturers Pvt Ltd
Case Number : CP (CAA) 28 OF 2025
CITATION : 2026 LLBiz NCLT (HYD) 208
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) recently sanctioned a demerger scheme between Inox Green Energy Services Limited, a listed company engaged in operations and maintenance of wind turbine generators and the power evacuation business, and Inox Renewable Solutions Limited, which undertakes power evacuation and related EPC activities, allowing the transfer of the power evacuation business into the latter entity.
Case Title : Inox Green Energy Services Limited and Inox Renewable Solutions Limited
Case Number : C.P.(CAA)/56(AHM)2025 In C.A.(CAA)/43(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 209
NCLT New Delhi Orders Shareholder And Creditor Meetings On Dabur–Sesa Amalgamation Scheme
The New Delhi Bench of the National Company Law Tribunal (NCLT) on 12 March, ordered meetings of the equity shareholders and unsecured creditors of Dabur India Limited to consider a Scheme of Amalgamation between Sesa Care Private Limited and Dabur India Limited under Sections 230 and 232 of the Companies Act, 2013.
Case Title : Sesa Care Private Limited with Dabur India Limited
Case Number : Company Application No (CAA) – 1(ND)/2026
CITATION : 2026 LLBiz NCLT (DEL) 212
NCLT Chennai Approves Amalgamation Of Ind Eco Ventures Ltd With Indowind Energy Ltd
The National Company Law Tribunal (NCLT), Chennai, has approved a scheme of amalgamation between Ind Eco Ventures Limited and Indowind Energy Limited, a wholly owned subsidiary of Indowind.
Case Title : Indo Eco Ventures Limited with Indowind Energy Limited
Case Number : CP(CAA)/65 (CHE)/2024 in CA(CAA)/32 (CHE)/2024
CITATION : 2026 LLBiz NCLT (CHE) 213
The National Company Law Tribunal (NCLT) at Mumbai has sanctioned a scheme of arrangement under Sections 230–232 of the Companies Act providing for the demerger of the rental business relating to leasehold rights in property of Filmistan Pvt. Ltd. into its parent company Arkade Developers Ltd.
Case Title : Filmistan Pvt Ltd and Arkade Developers Ltd
Case Number : CP(CAA)/263/2025
CITATION : 2026 LLBiz NCLT (MUM) 215
NCLT Approves Adani Group Scheme To Consolidate Its Green Hydrogen, Renewable Energy Businesses
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on Monday sanctioned a composite scheme of arrangement involving multiple Adani Group entities for consolidation of their green hydrogen and renewable energy businesses within Adani Enterprises Ltd. and Adani New Industries Ltd. under a unified corporate structure
Case Title : Adani GreenTechnology Ltd and Ors
Case Number : C.P.(CAA)/67(AHM)2025 in C.A.(CAA)/55(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 216
The National Company Law Tribunal (NCLT) at Mumbai has held that non-supply of daily account statements and Management Information and Analysis (MIA) reports to a director of Sapat International Pvt Ltd, who raised the grievance after ceasing to be managing director, does not by itself amount to oppression or concealment of company affairs.
Case Title : Nikhil Joshi vs SAPAT International Pvt Ltd & Ors
Case Number : IA (Companies Act) 256 of 2025 & CP No. 168/(MB)/2024
CITATION : 2026 LLBiz NCLT (MUM) 228
The National Company Law Tribunal (NCLT) at Kochi restored a winding-up petition dismissed for non-prosecution despite a delay of over three years, noting that a Provisional Liquidator had already been appointed and the company's affairs were under the tribunal's supervision.
Case Title : V.P Kunjumoosa and Anr v. V.P Abdu Rahiman and Anr
Case Number : Restoration Application (C/Act)/1/KOB/2025
CITATION : 2026 LLBiz NCLT (KOC) 234
NCLT Ahmedabad Sanctions Amalgamation Of UR Energy With Listed Jhaveri Credits
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has approved a scheme of amalgamation under which solar power company U R Energy (India) Private Limited will merge with BSE-listed Jhaveri Credits and Capital Limited, holding that the scheme is not prejudicial to the interests of shareholders or creditors.
Case Title : U R Energy (India) Pvt. Ltd and Jhaveri Credits and Capital Limited
Case Number : C.P.(CAA) 43(AHM) of 2025 In C.A.(CAA)/31(AHM) 2025
CITATION : 2026 LLBiz NCLT (AHM) 236
NCLT Ahmedabad Sanctions Prima Plastics Demerger Of Rotational Moulding Business Into Subsidiary
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has recently sanctioned a Scheme of Arrangement providing for the demerger of the Rotational Moulding Business of Prima Plastics Limited into its wholly owned subsidiary, Prima Innovation Limited.
Case Title : Prima Plastics Limited and Prima Innovation Limited
Case Number : CP(CAA)/50(AHM)2025 In CA(CAA)/25(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 235
NCLT Chennai Directs TVS Holdings' Shareholders' Meeting for Surplus Reserve Scheme
On 18 March, the National Company Law Tribunal, Chennai directed TVS Holdings Ltd to hold a meeting of its equity shareholders to approve a plan for using surplus reserves. It also dispensed meetings for unsecured creditors and debenture holders as they had already given their consent.
Case Title : TVS Holdings Limited
Case Number : CA(CAA)/15 (CHE)/2026
CITATION : 2026 LLBiz NCLT (CHE) 242
NCLT Chennai Allows First-Motion Application In Veranda Learning Amalgamation-Demerger Scheme
The Chennai Bench of the National Company Law Tribunal on 18 March allowed the first motion application for a composite scheme of amalgamation and demerger involving Veranda Learning Solutions Ltd, J.K. Shah Commerce Education Ltd, and Veranda XL Learning Solutions Pvt Ltd.
Case Title : J.K Shah Commerce Education Limited
Case Number : CA(CAA)/12(CHE)/2026
CITATION : 2026 LLBiz NCLT (CHE) 243
The National Company Law Tribunal (NCLT) at Mumbai allowed a plea filed by BASF India Ltd and BASF Agricultural Solutions India Ltd seeking directions in relation to a proposed demerger of the agricultural solutions business.
Case Title : BASF India Ltd and BASF Agricultural Solutions India Ltd
Case Number : CA (CAA) 28 OF 2026
CITATION : 2026 LLBiz NCLT (MUM) 246
NCLT Kolkata Sanctions Merger Of Group Companies Sresta Natural Bioproducts, Wimco Into ITC
The National Company Law Tribunal (NCLT) at Kolkata has sanctioned a scheme of amalgamation under which Sresta Natural Bioproducts Pvt Ltd, which operates in organic packaged foods, and Wimco Ltd, an inactive group company, are being merged into their parent ITC Limited
Case Title : Wimco Limited and ITC Limited
Case Number : Company Petition (CAA) No. 201/KB/2025
CITATION : 2026 LLBiz NCLT (KOL) 253
The National Company Law Tribunal (NCLT) at Mumbai has upheld the locus standi of the Serious Fraud Investigation Office (SFIO) to file an application on behalf of the Union of India in proceedings arising out of the IL&FS matter, rejecting objections that the agency lacked authority to institute such proceedings.
Case Title : Union of India vs IL & FS
Case Number : CP 3638 OF 2018
CITATION : 2026 LLBiz NCLT (MUM) 255
NCLT Mumbai Allows First Motion For Merger Of Tata Group Firm Rujuvalika Investment Into Tata Steel
The National Company Law Tribunal at Mumbai on Wednesday allowed a first-motion application for the proposed merger of Rujuvalika Investment Ltd, a Tata group company, into Tata Steel Ltd.
Case Title : Tata Steel Ltd with Rujuvalika Investments Ltd
Case Number : CA (CAA) 162 OF 2025
CITATION : 2026 LLBiz NCLT (MUM) 258
The Delhi Bench of the National Company Law Tribunal (NCLT) on Wednesday allowed a first-motion application relating to a proposed amalgamation of Equinox India Infraestate Limited with Spero Properties and Services Private Limited.
Case Title : SPERO PROPERTIES AND SERVICES PRIVATE LIMITED Vs EQUINOX INDIA INFRAESTATE LIMITED
Case Number : CA (CAA)-3/230-232/ND/2026
CITATION : 2026 LLBiz NCLT (DEL) 257
NCLT Kochi Allows First Motion In Scheme To Merge 51 Malabar Group Companies Into Malabar Gold
The National Company Law Tribunal (NCLT) Kochi allowed the first-motion application in a composite scheme of amalgamation involving the merger of 51 Malabar Group companies into Malabar Gold and Diamonds Limited.
Case Title : Aesthetic Gold Ornaments Private Limited and Ors
Case Number : CA(CAA)/02/KOB/2026
CITATION : 2026 LLBiz NCLT (KOC) 258
Statutory Auditors Cannot Claim Blanket Immunity Under Section 339 Of Companies Act: NCLT Mumbai
The Mumbai National Company Law Tribunal (NCLT) on 24 March, held that statutory auditors cannot claim blanket immunity under Section 339 of the Companies Act if they are found to have facilitated or consciously ignored fraudulent conduct.
Case Title : Union of India V/s Infrastructure Leasing and Financial Services Ltd. & Ors.
Case Number : IA 1/2022 IA 2/2022
CITATION : 2026 LLBiz NCLT (MUM) 265
NCLT Mumbai Compounds Companies Act Violations By Wadhwagroup Directors On Payment Of ₹36.10 Lakh
The National Company Law Tribunal (NCLT) at Mumbai has compounded offences by directors of Wadhwagroup Holdings Pvt Ltd, a real estate firm, for failure to file consolidated financial statements and for not charging depreciation on investment properties in accordance with accounting standards.
Case Title : Navin Amarlal Makhija, Mr. Manohar Moolchand Chhabria, Mr. Vijay Vasudev Wadhwa, Ms. Ritu Wadhwa Makhija
Case Number : C.P. No. 195/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 267
NCLT Indore Directs Meetings In HEG Demerger, Bhilwara Energy Merger; Some Meetings Dispensed
The Indore bench of the National Company Law Tribunal (NCLT) has recently issued directions on convening and dispensing with meetings of shareholders and creditors in the proposed Composite Scheme of Arrangement involving HEG Ltd, HEG Graphite Ltd, and Bhilwara Energy Ltd.
Case Title : HEG Ltd, HEG Graphite Ltd and Bhilwara Energy Ltd
Case Number : CA(CAA)/1(MP)2026
CITATION : 2026 LLBiz NCLT (IND) 267
Share Capital Reduction A 'Domestic Decision', Minority Shareholders Can't Veto It: NCLT Chennai
The National Company Law Tribunal (NCLT) at Chennai has approved a scheme of reduction of share capital for Ocean Healthcare Private Limited, holding that the reduction of share capital under Section 66 of the Companies Act is a “Domestic decision” of the company, with minority shareholders not having a “Veto Right”.
Case Title : Veera Venkatesh v. Ocean Healthcare Pvt Ltd
Case Number : Ivn.P(CA)/2/2024 in CP(CA)/121/(CHE)/2023
CITATION : 2026 LLBiz NCLT (CHE) 269
The National Company Law Tribunal (NCLT) at Chennai has recently compounded delays of up to 587 days in holding Annual General Meetings by Seal Infotech Private Limited, taking a lenient view and imposing penalties aggregating to Rs 17.61 lakh.
Case Title : Seal Infotech Private Limited
Case Number : CPA(CA)/89(CHE)/2025
CITATION : 2026 LLBiz NCLT (CHE) 272
NCLT Chandigarh Confirms UKIBC India's 55.39% Capital Reduction Scheme
The Chandigarh Bench of the National Company Law Tribunal (NCLT) on 25 March, approved the petition filed by UK India Business Council India Private Limited seeking a reduction of its share capital under Section 66 of the Companies Act, 2013.
Case Title : UK INDIA BUSINESS COUNCIL INDIA PRIVATE LIMITED
Case Number : 2026 LLBiz NCLT (CHD) 273
CITATION : CP No.34/Chd/Hry/2024
NCLT Ahmedabad Sanctions Amalgamation Of Penna Cement Into Ambuja Cements
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 30 March sanctioned the scheme of amalgamation between Penna Cement Industries Ltd. (Transferor Company) and Ambuja Cements Ltd. (Transferee Company) under Sections 230–232 of the Companies Act, 2013.
Case Title : Penna Cement Industries Ltd. & Ambuja Cements Limited
Case Number : CP(CAA)/5(AHM)2026
Citation : 2026 LLBiz NCLT (AHM) 275
NCLT Ahmedabad Directs Equity Shareholder Meetings For J.B. Chemicals-Torrent Pharmaceuticals Merger
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) directed the companies to convene meetings of equity shareholders of J.B. Chemicals & Pharmaceuticals Ltd. (Transferor Company) and Torrent Pharmaceuticals Ltd. (Transferee Company) in connection with their proposed scheme of amalgamation under Sections 230 to 232 of the Companies Act, 2013.
Case Title : J.B. Chemical & Pharmaceuticals Limited & Torrent Pharmaceuticals Limited
Case Number : CA(CAA)/6(AHM)2026
Citation : 2026 LLBiz NCLT (AHM) 278
NCLT Ahmedabad Sanctions Amalgamation Of Global CNC With Windsor Machines
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 19 March, sanctioned the scheme of amalgamation between Global CNC Private Limited (Transferor Company) and Windsor Machines Limited (Transferee Company) under Sections 230 to 232 of the Companies Act, 2013.
Case Title : Global CNC Private Limited & Windsor Machines Limited
Case Number : C.P.(CAA)/2(AHM)2026
Citation : 2026 LLBiz NCLT (AHM) 279
NCLT Chennai Sanctions Cultfit Group Restructuring Scheme
The National Company Law Tribunal (NCLT) at Chennai has recently approved a composite scheme of arrangement involving Cultfit group companies, which run a fitness and wellness platform offering gym memberships, training programmes and digital health services.
Case Title : Cultfit Healthcare Private Limited
Case Number : CP(CAA)/85(CHE)/2025 in CA(CAA)/49(CHE)/2025
Citation : 2026 LLBiz NCLT (CHE) 283
NCLT Ahmedabad Sanctions Fast-Track Amalgamation Of Adani Harbour Services With Adani Ports
On 1 April, the Ahmedabad Bench of the National Company Law Tribunal (NCLT) has sanctioned the scheme of amalgamation of Adani Harbour Services Limited (Transferor Company) with Adani Ports and Special Economic Zone Limited (Transferee Company) under Sections 230–232 of the Companies Act, 2013.
Case Title : Adani Harbour Services Limited & Adani Ports and Special Economic Zone Limited Case Number : C.P.(CAA)/66(AHM)2025
Citation : 2026 LLBiz NCLT (AHM) 282
The National Company Law Tribunal (NCLT) at Ahmedabad has clarified that restoring a struck-off company does not automatically lift the bar on its directors from serving on the boards of other companies.
Case Title : Department of Income Tax Vs Jinesh Ginning And Pressing & Ors
Case Number : Appeal/5(AHM)2025
Citation : 2026 LLBiz NCLT (AHM) 284
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has allowed a company application filed by Alkem Medtech Ortho Pvt. Ltd., clearing the way for its proposed amalgamation with Alkem Medtech Pvt. Ltd. and dispensing with the need to hold meetings of shareholders and creditors.
Case Title : Alkem Medtech Ortho Pvt. Ltd
Case Number : C.A.(CAA)/9(AHM)2026
Citation : 2026 LLBiz NCLT (AHM) 287
Impleadment Not Allowed Without Pleadings Or Relief Against Proposed Parties: NCLT Kochi
The National Company Law Tribunal (NCLT) Kochi has held that additional parties cannot be impleaded in company law proceedings in the absence of foundational pleadings and specific reliefs against them, underscoring that such a move would impermissibly expand the scope of the dispute.
Case Title : Smt. Usha Krishnakumar and Ors v. Tharakan Web Innovations Pvt Ltd and Ors Case Number : IA(C/Act)/12/KOB/2026 in CP(C/Act)/28/KOB/2022
Citation : 2026 LLBiz NCLT (KOC) 289
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 6 March held that once a resolution plan under the Insolvency and Bankruptcy Code (IBC) is approved, its consequences are binding on all stakeholders, including shareholders, and cannot be reopened through Section 59 proceedings under the Companies Act.
Case Title : Titus Babu Vs Sintex Industries Limited
Case Number : Appeal/31(AHM)2025
Citation : 2026 LLBiz NCLT (AHM) 291
NCLT Chennai Allows First Motion In Apollo Hospitals Scheme, Orders Stakeholder Meetings
The National Company Law Tribunal (NCLT) at Chennai has recently directed meetings of equity shareholders as well as secured and unsecured creditors, while dispensing with such meetings in certain cases, in a composite scheme of arrangement involving Apollo group companies.
Case Title : Apollo Hospitals Enterprise Limited
Case Number : CA(CAA)/8(CHE)/2026
Citation : 2026 LLBiz NCLT (CHE) 292
NCLT Mumbai Clears First Motion For Merger of Jaypore, TG Apparel Into Aditya Birla Fashion
The National Company Law Tribunal's Mumbai Bench on Monday allowed a first motion application in a scheme of amalgamation between Jaypore E-Commerce Pvt Ltd and TG Apparel and Decor Pvt Ltd with Aditya Birla Fashion and Retail Limited, dispensing with meetings of shareholders and creditors in specified cases.
Case Title : Jaypore E-Commerce Pvt Ltd and TG Apparel & Decor Pvt Ltd with Aditya Birla Fashion & Retail Ltd
Case Number : CA(CAA) 38 OF 2026
Citation : 2026 LLBiz NCLT (MUM) 295
NCLT Mumbai Approves Nirmal Lifestyle Realty–Oberoi Realty Merger
The National Company Law Tribunal (NCLT) Mumbai on Monday approved the scheme of amalgamation between Nirmal Lifestyle Realty Pvt Ltd and Oberoi Realty Ltd., allowing the merger and granting consequential directions.
Case Title : Nirmal Lifestyle Realty Pvt Ltd and Oberoi Realty Ltd
Case Number : CP (CAA) NO. 14/MB/2026
Citation : 2026 LLBiz NCLT (MUM) 296
NCLT Mumbai Directs Stakeholder Meetings In Merger Of Mandawewala Enterprises With AYM Synte
On 6 April, the National Company Law Tribunal (NCLT) at Mumbai allowed the first motion application to merge Mandawewala Enterprises Ltd into AYM Syntex Limited and directed the convening of stakeholder meetings.
Case Title : Mandawewala Enterprises Ltd and AYM Syntex Ltd
Case Number : C.A.(CAA) / 267 (MB-IV) / 2025
Citation : 2026 LLBiz NCLT (MUM) 298
The New Delhi Bench of the National Company Law Tribunal (NCLT) on 11 March, held that the company's error in uploading an incorrect Excel file while filing Form AOC‑4 XBRL was a clerical mistake amounting to an administrative issue, not a substantive revision under Section 131.
Case Title : P & R Infraprojects Ltd Vs MCA & Principal Commissioner of Income Tax
Case Number : C.P 130/131/ND/2023
Citation : 2026 LLBiz NCLT (DEL) 301
The National Company Law Tribunal at Mumbai has dismissed a plea filed by Asha Kiran Bawa and Akansha Bawa in the IL&FS proceedings, holding that they continue to be necessary parties in the Union of India's petition alleging oppression and mismanagement and large-scale financial irregularities in the company.
Case Title : Asha Kiran Bawa vs Union of India
Case Number : CA 229 of 2025
Citation : 2026 LLBiz NCLT (MUM) 304
The National Company Law Tribunal (NCLT) at Mumbai has ordered a buyout in a family-run company dispute, holding that a breakdown of trust in a quasi-partnership justified an exit instead of winding up.
Case Title : Sunil Kapur R.K. Paper Industries Pvt Ltd & Ors
Case Number : TCP 68 of 2014
Citation : 2026 LLBiz NCLT (MUM) 305
Compromise Schemes Are Consensual, Class-Based; No Omnibus Liability Extinguishment: NCLT Hyderabad
The National Company Law Tribunal (NCLT) at Hyderabad has rejected a debt restructuring scheme proposed under Section 230 of the Companies Act during the liquidation of Sarda Agro Oils Ltd, holding that such schemes, in effect, cannot be used to grant a blanket “clean slate” by extinguishing liabilities.
Case Title : Sarda Agro Oils Limited And Their respective Shareholders and Creditors
Case Number : IA (IBC) 1795 of 2025
Citation : 2026 LLBiz NCLT (HYD) 308
Removal As Director Did Not Bar Shareholder's Oppression Plea: NCLT Ahemedabad
The National Company Law Tribunal, Ahmedabad bench, held that a shareholder's right to seek relief under Section 241 of the Companies Act, 2013 for oppression and mismanagement was not extinguished by his removal as a director.
Case Title : Hardeep Singh Gill Vs Glulam Technologies Pvt Ltd & Ors
Case Number : C.P. 51/2019
Citation : 2026 LLBiz NCLT (AHM) 309
The Delhi Bench of the National Company Law Tribunal on April 7, 2026 allowed a first motion application filed by the holding company (Info Edge (India) Ltd.) behind platforms such as Naukri.com and Jeevansathi.com and directed meetings of its stakeholders in a proposed amalgamation of four wholly owned subsidiaries into it.
Case Title : Allcheckdeals India Pvt. Ltd. and Info Edge (India) Limited
Case Number : C.A. (CAA) No. 62 of 2025
Citation : 2026 LLBiz NCLT (DEL) 316
On 7 April 2026, the New Delhi Bench of the National Company Law Tribunal (NCLT) approved the first motion application filed jointly by Webmob Software Solutions Pvt. Ltd. and Kiwi Technologies India Pvt. Ltd. under Sections 230 to 232 of the Companies Act, 2013 and sanctioned their Scheme of Amalgamation.
Case Title : Webmob Software Solutions Private Limited and Kiwi Technologies India Private Limited
Case Number : C.A. (CAA) No. 48 of 2025
Citation : 2026 LLBiz NCLT (DEL) 318
Promoter Takeover Cannot Be Treated As 'Disinvestment' Under The Companies Act: NCLT Chennai
The Chennai Bench of the National Company Law Tribunal (NCLT) on 2 April, held that a promoter-led acquisition of minority shareholding under Section 230(11) of the Companies Act, 2013 does not constitute “disinvestment”.
Case Title : Tamilnadu Industrial Investment Corporation Limited v. Dipak Raj Sood and Ors Case Number : IA(CA)/235(CHE)/2024
Citation : 2026 LLBiz NCLT (CHE) 323
NCLT Jaipur Approves Demerger Of Vishal Personal Care Into Bajaj Consumer Care
On Thursday, 9 April, the Jaipur Bench of the National Company Law Tribunal (NCLT) approved a scheme of arrangement demerging Vishal Personal Care Limited into Bajaj Consumer Care Limited.
Case Title : Vishal Personal Care Limited v. Bajaj Consumer Care Limited
Case Number : CP(CAA) No.01/230-232/JPR/2026
Citation : 2026 LLBiz NCLT (JAI) 324
NCLT Mumbai Dismisses JV's Plea Over ₹4.27 Crore Claim Against ITNL, Cites Novation Of Contract
The National Company Law Tribunal (NCLT) in Mumbai has upheld the reduction of a Rs 4.27 crore claim filed by a joint venture between Amritanshu Infrastructure & Management Pvt Ltd (AIMPL) and Beigh Construction Company Pvt Ltd (BCC) against IL&FS Transport Network Ltd (ITNL), holding that the claim could not survive after the underlying contract was novated in favour of BCC.
Case Title : AMRITANSHU INFRASTRUCTURE & MANAGEMENT PRIVATE LIMITED & ANR. V/s GRANT THORNTON INDIA LLP & ORS
Case Number : CA 136 OF 2022
Citation : 2026 LLBiz NCLT (MUM) 315
NCLT Allahabad Clears First Motion In Salasar–Hill View Merger
The Allahabad Bench of the National Company Law Tribunal (NCLT) has allowed a first motion application in the proposed amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited, directing that stakeholder meetings be held for the transferee company while dispensing with such meetings for the transferor company.
Case Title : Hill View Infrabuild Limited & Salasar Techno Engineering Limited
Case Number : CA (CAA) No.6/ALD/2026
Citation : 2026 LLBiz NCLT (ALL) 331
NCLT Ahmedabad Allows First Motion in Triumph Offshore–Swan Defence Merger
On 13 April 2026, the Ahmedabad National Company Law Tribunal (NCLT) approved the first motion application filed jointly by Triumph Offshore Pvt. Ltd. and Swan Defence and Heavy Industries Ltd., in proceedings seeking sanction of their proposed scheme of arrangement and amalgamation under Sections 230–232 of the Companies Act, 2013.
Case Title : Triumph Offshore Private Limited & Swan Defence and Heavy Industries Limited Case Number : C.A.(CAA)/17(AHM)2026
Citation : 2026 LLBiz NCLT (AHM) 337
Scheme Of Arrangement Cannot Be Used To Bypass Mandatory Capital Reduction Procedure: NCLT Mumbai
The Mumbai Bench of the National Company Law Tribunal (NCLT) held that a scheme of compromise or arrangement under Section 230 of the Companies Act, 2013 cannot be used to bypass the specific statutory mechanism prescribed for reduction of share capital under Section 66.
Case Title : BANGALORE ELEVATED TOLLWAY PRIVATE LIMITED
Case Number : C.P. (CAA) 126/MB/2025
Citation : 2026 LLBiz NCLT (MUM) 340
NCLT Bengaluru Approves Fintech Firms Khosla Labs-Novopay Solutions Scheme Of Amalgamation
On 9 April, the Bengaluru Bench of the National Company Law Tribunal (NCLT) approved the merger of Khosla Labs Private Limited with Novopay Solutions Pvt Ltd, holding that the scheme met all statutory requirements and that no objections were received from regulatory authorities.
Case Title : Khosla Labs Pvt Ltd & Novopay Solutions Pvt Ltd
Case Number : C.P. (CAA) No. 50/BB/2025
Citation : 2026 LLBiz NCLT (BEN) 342
The National Company Law Tribunal's Amaravati Bench has dismissed a plea for rectification of the register of members after holding that the petitioners failed to establish valid allotment of shares and their status as shareholders.
Case Title : Velagapudi Vedavathi & Ors vs Blue Ocean Minerals Pvt Ltd
Case Number : CP/121/2021
Citation : 2026 LLBiz NCLT (AMR)
The National Company Law Tribunal (NCLT) at Chennai has recently declined to interfere with a share capital reduction scheme of an industrial cleaning equipment manufacturer, holding that valuation of shares falls within the commercial wisdom of the majority of shareholders and warrants no interference absent compelling reasons.
Case Title : 3A Capital Services Limited v. Roots Multi Clean Limited
Case Number : IA(CA)/254 of 2026
Citation : 2026 LLBiz NCLT (CHE) 350
NCLT Mumbai Refuses To Unwind IL&FS–SREI Transactions, Applies Doctrine Of Election
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 13 April held that a party which has consistently treated transactions as valid, independent and enforceable cannot later seek to unwind them by taking a contradictory stand.
Case Title : SREI Infrastructure Finance Limited Versus Infrastructure Leasing and Financial Services Limited
Case Number : CA No. 99/2025
Citation : 2026 LLBiz NCLT (MUM) 354
Transfer Of Unclaimed Shares To IEPF Does Not Extinguish Ownership: NCLT Jaipur
The National Company Law Tribunal (NCLT) at Jaipur has recently held that the transfer of unclaimed shares and dividends to the Investor Education and Protection Fund (IEPF) does not extinguish ownership and directed Shree Cement Ltd. to issue duplicate share certificates to Sumati Projects Limited.
Case Title : Sumati Projects Limited v. Shree Cement Ltd and Anr
Case Number : CP No. 12/46(2)/JPR/2023
Citation : 2026 LLBiz NCLT (JAI) 357
Death Of Shareholder Led To AGM Default, NCLT Mumbai Compounds Offence, Cuts Fine To ₹1.16 Lakh
Holding that the default occurred on account of the death of a shareholder, the National Company Law Tribunal (NCLT), Mumbai, has compounded the offence arising from the delay in holding the Annual General Meeting of Dighi Agencies Private Limited for FY 2016–17.
Case Title : Dighi Agencies Pvt. Ltd. & Ors. v. Registrar of Companies, Pune
Case Number : CP No: 214/NCLT/MB-III/2023
Citation : 2026 LLBiz NCLT (MUM) 360
NCLT Delhi Approves Powerlinks Transmission Scheme To Reclassify Reserves Into Retained Earnings
The National Company Law Tribunal (NCLT) at the New Delhi bench has recently sanctioned a scheme of arrangement of Powerlinks Transmission Limited involving the reclassification of Rs. 78.83 crore from its general reserves into retained earnings, holding that it is “not prejudicial to the interest of the equity shareholders and creditors.”
Case Title : POWERLINKS TRANSMISSION LIMITED
Case Number : COMPANY PETITION NO. (CAA) - 85(ND)/2025
Citation: 2026 LLBiz NCLT (DEL) 365
The NCLT Mumbai has approved the first motion in the scheme of amalgamation whereby Emerson Process Management Power and Water Solutions India Pvt Ltd. (transferor company) will merge into Emerson Electric Company (India) Pvt Ltd. (transferee company), both engaged in industrial automation, process management, network power, and climate technology solutions.
Case Title : Emerson Process Management Power and Water Solutions India Private Limited (Transferor Company) with Emerson Electric Company (India) Private Limited (Transferee Company)
Case Number : CA(CAA)-45/MB/2026
Citation : 2026 LLBiz NCLT (MUM) 366
NCLT Allahabad Sanctions Amalgamation Of Advanced Rail Controls With Concord Control Systems
The Allahabad Bench of the National Company Law Tribunal (NCLT) on 15 April 2026 sanctioned a scheme of amalgamation under Sections 230–232 of the Companies Act, 2013, approving the merger of Advanced Rail Controls Private Limited (transferor company) with Concord Control Systems Limited (transferee company), with effect from the appointed date of 1 April 2025.
Case Title : Advanced Rail Controls Private Limited and Concord Control Systems Limited
Case Number : CP (CAA) NO.25/ALD/2025
Citation : 2026 LLBiz NCLT (ALL) 368
NCLT Ahmedabad Approves Amalgamation Of Adani Group Subsidiaries, Dispenses With Statutory Meetings
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 20 April approved a scheme of amalgamation among wholly owned subsidiaries of Adani Energy Solutions Ltd. and dispensed with statutory meetings after recording unanimous consents of shareholders and creditors under Sections 230–232 of the Companies Act, 2013.
Case Title : Gopalaya Build E
state Private Limited , Adani Transmission Step-Five Limited and Halvad Transmission Limited Case Number : C.A.(CAA)/21(AHM)2026
Citation : 2026 LLBiz NCLT (AHM) 374
NCLT Mumbai Approves Sashwat Energy Merger with Shapoorji Pallonji & Co
The National Company Law Tribunal's (NCLT) Mumbai bench has sanctioned a scheme of amalgamation under which Sashwat Energy Private Limited will merge with and into Shapoorji Pallonji and Company Private Limited, holding that the arrangement is “fair and reasonable” and not contrary to public policy.
Case Title : Shashwat Energy Pvt Ltd and Shapoorji Pallonji and Company Pvt Ltd
Case Number : C.P. (CAA) / 216 (MB) / 2025
CITATION : 2026 LLBiz NCLT (MUM) 379
NCLT Kochi Allows First Motion In ESAF Financial Holdings Scheme To Meet RBI Shareholding Limits
The National Company Law Tribunal (NCLT), Kochi, on Friday allowed a first motion application filed by ESAF Financial Holdings Pvt Ltd in relation to its proposed scheme of arrangement involving selective reduction of share capital and restructuring of its investment in ESAF Small Finance Bank.
Case Title : ESAF Financial Holdings Private Limited
Case Number : CA(CAA)/07/KOB/2026
Citation : 2026 LLBiz NCLT(KOC) 381
NCLT Kochi Dismisses ₹2.5 Crore Preference Shares Redemption Plea Against Jatayupara Tourism
The National Company Law Tribunal (NCLT) at Kochi has refused a Rs. 2.5 crore payout sought by an investor in the Jatayupara Tourism project, holding that preference shares cannot be redeemed outside the limits prescribed under the Companies Act.
Case Title : Haridas Krishnan Kutty v. Jatayupara Tourism Private Limited
Case Number : IA(C/Act)/214/KOB/2025
Citation : 2026 LLBiz NCLT (KOC) 382
NCLT Ahmedabad Orders Shareholder & Creditor Meetings For Meghmani Group Amalgamation
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 20 April issued directions on an application filed by Kilburn Chemicals Ltd., Meghmani Crop Nutrition Ltd., and Meghmani Organics Ltd. under Sections 230–232 of the Companies Act, 2013 seeking approval of a scheme of amalgamation.
Case Title : Kilburn Chemicals Limited, Meghmani Crop Nutrition Limited and Meghmani Organics Limited
Case Number : C.A.(CAA)/23(AHM)2026
Citation : 2026 LLBiz NCLT (AHM) 385
NCLT Delhi Clears First Stage Of Digispice Merger With Subsidiaries, Orders Equity Shareholder Meet
The National Company Law Tribunal (NCLT) in New Delhi has issued directions at the first-motion stage in a scheme to merge three Digispice group entities into Digispice Technologies Ltd.
It found that the required consent thresholds had been met, allowing it to dispense with most meetings of shareholders and creditors. A separate meeting of the transferee company's equity shareholders, however, will still need to be held.
Case Title : Spice Money Limited, E-Arth Travel Solutions Pvt. Ltd., Vikasni Fintech Pvt. Ltd. and Digispice Technologies Ltd
Case Number : COMPANY APPLICATION (CAA) NO. 08 OF 2026
Citation : 2026 LLBiz NCLT (DEL) 386
NCLT Chennai Sanctions Amalgamation Of Accel Media Ventures With Accel Limited
The Chennai Bench of the National Company Law Tribunal (NCLT) has sanctioned a Scheme of Amalgamation between Accel Media Ventures Limited and Accel Limited under Sections 230–232 of the Companies Act, 2013.
Case Title : Accel Media Ventures Limited v. Accel Limited
Case Number : CP/CAA/60(CHE)/2025 in CA(CAA)/42(CHE)/2025
Citation : 2026 LLBiz NCLT (CHE) 398
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has recently rejected a plea by the Registrar of Companies, Gujarat, to condone a delay of 4215 days in seeking restoration of Maharshi Management Services Pvt. Ltd. to the register of companies.
Case Title : Registrar of Companies, Gujarat Vs Maharshi Management Services Pvt. Ltd
Case Number : IA NO. 66 OF 2023 IN COMPANY APPEAL NO. 08 (AHM) 2022
CITATION : 2026 LLBiz NCLT (AHM) 404
The Ahmedabad bench of the National Company Law Tribunal has approved Suzlon Energy Limited's plan to set off accumulated losses of about Rs.18,418 crore by reorganising its reserves.
The order was passed on April 29, 2026 by Judicial Member Chitra Hankare and Technical Member Dr V.G. Venkata Chalapathy.
Case Title : Suzlon Energy Limited
Case Number : C.P.(CAA)/(AHM)2026 in CA(CAA)/50(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 405
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has held that the removal of Suryakanta Kothari as director of Vision Elevators Pvt. Ltd. through a forged resignation letter and the transfer of her shares without consent amounted to oppression.
Case Title : Suryakanta Kothari Vs Vision Elevators Pvt. Ltd & Ors
Case Number : CP/55(AHM)2025 with IA/115(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 409
NCLT Mumbai Allows First Motion For Merger Of Docon Technologies With PharmEasy Parent API Holdings
The National Company Law Tribunal's Mumbai Bench on Thursday (May 7) allowed the first motion application in the proposed amalgamation of Docon Technologies Private Limited with API Holdings Limited, the parent entity of digital healthcare and pharmacy platform PharmEasy.
Case Title : Docon Technologies Pvt Ltd & API Holdings Ltd
Case Number : C.A.(CAA)/262(MB)2025
CITATION : 2026 LLBiz NCLT (MUM) 420
The National Company Law Tribunal (NCLT) at Kochi has refused to recall an ex parte order passed against individuals accused of oppression and mismanagement in Green Hearts Private Limited, finding that they failed to diligently contest the proceedings despite repeated opportunities.
Case Title : Sandeep Sadanandan and Ors v. Vivek Menon PK and Ors
Case Number : IA(C/Act)/102/KOB/2025 in IA(C/Act)/45/KOB/2024 in CP(C/Act)/26/KOB/2023 CITATION : 2026 LLBiz NCLT(KOC) 422
NCLT Mumbai Allows First Motion In Flexim Flow–Emerson Merger, Orders Shareholders' Meeting
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 4 May allowed the first motion application seeking approval of a merger scheme between Flexim Flow India Private Limited and Emerson Process Management (India) Private Limited, while holding that shareholder approval could not be dispensed with as consent affidavits were not received from all equity shareholders of the transferee company.
Case Title : Emerson Process Management (India) AND Flexim Flow India Private Limited
Case Number : CA(CAA)-70/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 426
NCLT Mumbai Admits Puma Energy India Plea For ₹11.35 Crore Share Capital Reduction
The Mumbai Bench of the National Company Law Tribunal (NCLT), on 4 May admitted a company petition under Section 66 of the Companies Act, 2013 filed by Puma Energy India Pvt. Ltd., allowing it to proceed with a proposed reduction of equity share capital by Rs. 11.35 crore through cancellation of shares, subject to statutory compliances and creditor safeguards.
Case Title : Puma Energy India Pvt Ltd
Case Number : C.P.55/MB-IV/2026
CITATION : 2026 LLBiz NCLT (MUM) 427
NCLT Mumbai Approves First Motion For Amalgamation Of SafeSend, SurePrep With Thomson Reuters
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 4 May allowed the first motion application seeking approval of a scheme of amalgamation involving SafeSend Technologies Private Limited and SurePrep (India) Private Limited with Thomson Reuters International Services Private Limited.
Case Title : SafeSend Technologies Pvt Ltd, SurePrep (India) Private Limited, Thomson Reuters International Services Pvt Ltd
Case Number : CA(CAA)-67/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 428
NCLT Chennai Approves Lancor Group Amalgamation, Rejects Objections On Alleged Diversion Of Funds
The Chennai Bench of the National Company Law Tribunal (NCLT) on 27 April held that objections relating to alleged diversion of funds, an ante-dated appointed date, and shareholding structure cannot defeat an otherwise compliant scheme of amalgamation under Section 232 of the Companies Act, 2013, where no prejudice to stakeholders is demonstrated.
Case Title : Lancor Maintenance and Services Limited and Lancor Holdings Limited
Case Number : CP(CAA)/76(CHE)2025 in CA(CAA)/61/CHE/2025
CITATION : 2026 LLBiz NCLT(CHE) 432
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the first-stage application for the amalgamation of Pointleap Projects Pvt. Ltd. and Superheights Infraspace Pvt. Ltd., two wholly owned subsidiaries of Adani Electricity Mumbai Ltd Into It.
Case Title : Pointleap Projects Private Limited, Superheights Infraspace Private Limited & Adani Electricity Mumbai Limited
Case Number : CA(CAA)/12(AHM) 2026
CITATION : 2026 LLBiz NCLT(AHM) 439
The National Company Law Tribunal (NCLT) at Kochi on 8 May held that Section 55(3) of the Companies Act, 2013 operates as an independent remedial mechanism where a company is unable to redeem existing preference shares, and permitted issuance of further redeemable preference shares in substitution of unredeemed shares.
Case Title : MFAR Enterprises Private Limited v. Ministry of Corporate Affairs and Anr
Case Number : CP(C/Act)/35/KOB/2025
CITATION : 2026 LLBiz NCLT (KOC) 444
NCLT Chennai Directs Meetings On Dr. Agarwal's Eye Hospital–Health Care Amalgamation Scheme
The Chennai Bench of the National Company Law Tribunal on 5 May allowed the first motion application for the proposed amalgamation of Dr. Agarwal's Eye Hospital Limited (AEHL) with Dr. Agarwal's Health Care Limited (AHCL) and directed convening of meetings of shareholders and creditors of both companies.
Case Title : Dr. Agarwal's Eye Hospital Limited with Dr. Agarwal's Health Care Limited
Case Number : CA(CAA)/19(CHE)/2026
CITATION : 2026 LLBiz NCLT(CHE) 449
NCLT Chennai Sanctions Amalgamation of Sundaram Auto Components With TVS Motor Company
The Chennai Bench of the National Company Law Tribunal (NCLT) on 6 May approved a Scheme of Arrangement providing for the amalgamation of Sundaram Auto Components Limited (transferor company) with its holding company, TVS Motor Company Limited (transferee company).
Case Title : Sundaram Auto Components Limited v. TVS Motor Company Limited
Case Number : CP(CAA)/95(CHE)2025 in CA(CAA)/79/CHE/2025
CITATION : 2026 LLBiz NCLT(CHE) 451
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has allowed former Adani Power Whole Time Director Vneet S. Jain to compound allegations that included failure to disclose related-party transactions and other accounting irregularities in Adani Power's financial statements.
Case Title : Vneet S Jain v. ROC
Case Number : CP No. 63/AHM/2025
CITATION : 2026 LLBiz NCLT (AHM) 454
The Mumbai Bench of the National Company Law Tribunal has approved the amalgamation of Arrka Infosec Private Limited, an information technology and IT-enabled services company, with Persistent Systems Limited, a listed technology company. The tribunal observed that the scheme “appears to be fair and reasonable” and is “not contrary to public policy.”
Case Title : Arrka Infosec Private Limited With Persistent Systems Limited
Case Number : CP (CAA) No. 206/MB/2025 in CA (CAA) No. 179/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 452
NCLT Mumbai Allows First Motion Plea In Vidarbha Industries-Adani Power Merger
The National Company Law Tribunal (NCLT) at Mumbai bench on Tuesday (May 12) allowed a first-motion company scheme application for the amalgamation of Vidarbha Industries Power Limited into Adani Power Limited under Sections 230 to 232 of the Companies Act, 2013.
Case Title : Adani Power Dahej Limited, Vidarbha Industries Power Limited, Adani Power Limited
Case Number : C.A.(CAA)/283(MB)2025
CITATION : 2026 LLBiz NCLT (MUM) 456
NCLT Chennai Dismisses Oppression Plea Against Aum Consultancy, Calls Dispute Contractual
The Chennai Bench of the National Company Law Tribunal (NCLT) on 6 May dismissed a petition filed by H. Ramesh against Aum Consultancy Private Limited alleging oppression and mismanagement in the affairs of the company.
Case Title : H Ramesh v. Aum Consultancy Private Limited and Ors
Case Number : Company Petition No. 7 of 2016
CITATION : 2026 LLBiz NCLT(CHE) 459
NCLT Mumbai Directs Piramal Finance Shareholder Vote On Merger Of Three Subsidiaries Into It
The Mumbai bench of the National Company Law Tribunal (NCLT) has cleared the first leg of a scheme to merge three Piramal group subsidiaries into Piramal Finance Limited.
However, it directed the listed NBFC to convene a meeting of its equity shareholders, saying they should be given an opportunity to consider the implications of the amalgamation after noting that the transferor companies appeared to have negative net worth.
Case Title : Piramal Corporate Tower Private Limited (Transferor Company-1) and Piramal Agastya Offices Private Limited (Transferor Company-2) and DHFL Investments Limited (Transferor Company-3) with Piramal Finance Limited (Transferee Company)
Case Number : CA(CAA)/84/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 461
The National Company Law Tribunal (NCLT) at Mumbai has allowed a first-motion application for a composite scheme involving Idam Natural Wellness Private Limited, the owner of the Bella Vita brand, and Guardian group entities Guardian Nutrition & Healthcare Private Limited and Guardian Healthcare Services Private Limited.
Case Title : Guardian Nutrition & Healthcare Private Limited (The Company) and Guardian Healthcare Services Private Limited (Demerged Company) and Idam Natural Wellness Private Limited (Resulting Company)
Case Number : CA(CAA)/91/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 462
NCLT Mumbai Dismisses Contempt Plea Against Lenders, Advocates In Ornate Spaces Insolvency
The National Company Law Tribunal (NCLT) at Mumbai has dismissed a contempt plea filed by UTI Employees Sai Samruddhi Co-Operative Housing Society Ltd in the Ornate Spaces insolvency case, saying the applicant was attempting to misuse the judicial process to put undue pressure on lenders and their counsel.
Case Title : UTI Employees Sai Samruddhi Co-Operative Housing Society Ltd. Through its Secretary - Mr. Purushottam Bandekar V/s PNB Housing Finance Ltd. Through its Attorney Holder Ms. Diksha Aggarwal & Ors.
Case Number : CONT.A. (IBC)/10(MB)2026 IN C.P. (IB)/4469(MB)2019
CITATION : 2026 LLBiz NCLT (MUM) 463
NCLT Mumbai Approves Cross-Border Merger Of Dubai-Based Group Companies With NMDC Data Centre
The National Company Law Tribunal (NCLT) in Mumbai has approved a cross-border merger under which two Dubai-based group entities will be merged into India's NMDC Data Centre Private Limited. The tribunal held that the scheme was fair, reasonable, and not against public policy.
Case Title : NMDC Data Centre Private Limited
Case Number : C.P. (C.A.A)/31(MB) 2026 IN C.A.(C.A.A)/5(MB) 2026
CITATION : 2026 LLBiz NCLT (MUM) 464
NCLT Ahmedabad Sanctions Cello World, Wim Plast, Cello Consumer Products Merger-Demerger Scheme
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has sanctioned a Composite Scheme of Arrangement involving listed houseware and consumer products maker Cello World Limited, Wim Plast Limited, and Cello Consumer Products Private Limited.
Case Title : Wim Plast Limited, Cello Consumer Products Private Limited & Cello World Limited Case Number : C.P.(CAA)/65(AHM)2025 in CA(CAA)/44(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 479
The National Company Law Tribunal (NCLT) at Mumbai has recently directed disciplinary action by the Institute of Chartered Accountants of India against former Networth Agrotech India Ltd statutory auditor Dattatray Maruti Khune.
Case Title : Union of India, Ministry of Corporate Affairs vs Dattatray Maruti Khune & Anr.
Case Number : C.P. No. 2996 (MB) 2019
CITATION : 2026 LLBiz NCLT (MUM) 480
NCLT Ahmedabad Approves Kunal Plastics-Ecoplast Amalgamation
The Ahmedabad bench of the National Company Law Tribunal has sanctioned the amalgamation of Kunal Plastics Private Limited with Ecoplast Limited, holding that the proposed merger satisfied the requirements of the Companies Act and was bona fide and in the interest of shareholders and creditors.
Case Title : Kunal Plastics Private Limited & Ecoplast Limited
Case Number : C.P.(CAA)/64(AHM)2025 in CA(CAA)/38(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 482
NCLT Bengaluru Clears First Motion In Jigsaw Academy-Unext Learning Merger
The National Company Law Tribunal (NCLT) at Bengaluru has allowed the first motion application in the proposed amalgamation of Jigsaw Academy Education Private Limited with Unext Learning Private Limited.
Case Title : Jigsaw Academy Education Private Limited v. Unext Learning Private Limited
Case Number : CA(CAA) No. 07/BB/2026
CITATION : 2026 LLBiz NCLT (BEN) 486
NCLT Bengaluru Sanctions Amalgamation Scheme Of Wholly Owned Subsidiaries Into Kirloskar Electric
The Bengaluru Bench of the National Company Law Tribunal (NCLT) on 30 April 2026 sanctioned the amalgamation of Kelbuzz Trading Company Limited, Luxquisite Parkland Private Limited, SLPKG Estate Holdings Private Limited and SKG Terrra Promenade Private Limited with Kirloskar Electric Company Limited under the Companies Act, 2013.
Case Title : Kelbuzz Trading Company Limited and Ors
Case Number : CP(CAA) No.22/BB/2025
CITATION : 2026 LLBiz NCLT (BEN) 488
NCLT Mumbai Rejects Ex-SNVG Logistics Director's Plea Claiming Forced Share Transfer And Oppression
The Mumbai Bench of the National Company Law Tribunal (NCLT) has dismissed a petition alleging oppression and mismanagement in the affairs of S.N.V.G. Logistics Private Limited, holding that former director and shareholder Sachin Natrajan failed to establish that his exit from the company and transfer of shares were the result of coercion or intimidation.
Case Title : Sachin Natrajan v. SNVG Logistics private limited and Ors
Case Number : CP 189 of 2023
CITATION : 2026 LLBiz NCLT (MUM) 491
The Hyderabad Bench of the National Company Law Tribunal has stayed an Extraordinary General Meeting proposed by MBG Commodities Pvt Ltd to increase its authorised share capital.
The tribunal observed that the company was acting in “undue haste” even as the main oppression and mismanagement petition over its rights issue and capital structure is awaiting orders.
Case Title : Ashok Kumar Mandhani AND MBG Commodities Pvt Ltd & 7 others
Case Number : IA (CA)/73/2026 & IA (CA)/74/2026 in Company Petition /32/241/HDB/2025 U/s 241 of Companies Act
CITATION : 2026 LLBiz NCLT (HYD) 494
NCLT New Delhi Allows First Motion In CDIL–CSPL Demerger Scheme, Orders Creditors' Meeting
On 14 May, the New Delhi Bench of the National Company Law Tribunal (NCLT) passed its first motion order in the joint application filed by Continental Device India Pvt Ltd (CDIL), the demerged company, and CDIL Semiconductors Pvt Ltd (CSPL), the resultant company.
Case Title : CONTINENTAL DEVICE INDIA PRIVATE LIMITED Vs CDIL SEMICONDUCTORS PRIVATE LIMITED
Case Number : COMPANY APPLICATION NO. (CAA) – 89(ND)/2025
CITATION : 2026 LLBiz NCLT (DEL) 502
Oppression, Mismanagement Disputes Cannot Be Referred To Arbitration: NCLT Chandigarh
The National Company Law Tribunal (NCLT) at Chandigarh has held that oppression and mismanagement disputes of the nature raised before it cannot be referred to arbitration as such matters fall within the tribunal's exclusive statutory jurisdiction and cannot be privately adjudicated.
Case Title : Utsav Soi v. USAR Commerce Technologies Private Limited & Ors.
Case Number : CA No. 201 of 2025 In CP No. 59/CHD/HRY/2025
CITATION : 2026 LLBiz NCLT(CHA) 510
NCLT New Delhi Rejects Plea To Shift Chennai Bench Case, Finds No Ground For Alleged Bias
On 20 May, the Principal Bench of the National Company Law Tribunal (NCLT) at New Delhi dismissed a transfer application seeking shifting of a pending company petition from the NCLT Chennai Bench-II to another Bench, holding that vague and unsubstantiated allegations of bias cannot justify transfer of proceedings.
Case Title : Suresh Kumar Jalan and Ors. Vs East Coast Steel Limited and Ors.
Case Number : TA (Co. Act)-10(PB)/2026
The National Company Law Tribunal (NCLT) at Kochi has restrained Mary Rani Popular Nidhi Limited and other group companies from creating any third-party interest in, transferring, alienating, encumbering, or mortgaging its movable and immovable assets while considering a winding-up petition filed by the Union of India through the Serious Fraud Investigation Office (SFIO).
Case Title : Union of India v. Mary Rani Popular Nidhi Limited
Case Number : CP(C/ACT)/26/KOB/2026
CITATION : 2026 LLBiz NCLT (KOC) 517
Resigned Director Cannot Claim Oppression Solely On Ground Of Subsequent Board Changes: NCLT Kolkata
The National Company Law Tribunal (NCLT), Kolkata Bench, has held that a shareholder who continues to remain a member of a company can maintain a petition alleging oppression and mismanagement even after resigning as a director.
However, it clarified that a person who has resigned from the board cannot subsequently complain of oppression merely on the ground that the board's composition changed after their resignation.
Case Title : Mohuya Chakroborty v. Efedra Pharmaceuticals Private Limited and Ors.
Case Number : Company Petition No. 29/KB/2026
CITATION : 2026 LLBiz NCLT (KOL) 518
The Bengaluru National Company Law Tribunal (NCLT) on 29 May 2026 sanctioned a Scheme of Amalgamation between Tritonvalves Climatech Private Limited and Triton Valves Limited after it found no impediment to approval once the companies addressed all concerns raised by statutory authorities.
Case Title : Tritonvalves Climatech Private Limited v. Triton Valves Limited
Case Number : CP(CAA) No. 42/BB/2025
CITATION : 2026 LLBiz NCLT (BEN) 520
The Indore Bench of the National Company Law Tribunal (NCLT) on 4 May allowed an appeal filed by the Income Tax Department seeking restoration of a struck-off company, holding that the Department qualifies as a “creditor” under Section 252(3) of the Companies Act, 2013 and is entitled to seek revival to pursue pending reassessment proceedings.
Case Title : Department of Income Tax through Principal Commissioner Vs ROC Gwalior MP & Anr
Case Number : Co.Appeal/3(MP)2022
CITATION : 2026 LLBiz NCLT(IND) 521
NCLT Bengaluru Approves Puresoftware–Happiest Minds Composite Scheme Of Arrangement
The Bengaluru Bench of the National Company Law Tribunal (NCLT) on 29 May sanctioned a Composite Scheme of Arrangement between Puresoftware Technologies, a wholly owned subsidiary, and Happiest Minds Technologies Limited, a listed company.
Case Title : Puresoftware Technologies Private Limited v. Happiest Minds Technologies Limited Case Number : CP(CAA) No. 41/BB/2025
CITATION : 2026 LLBiz NCLT(BEN) 522
The Indore Bench of the National Company Law Tribunal (NCLT) on 4 May allowed an appeal filed by the Income Tax Department seeking restoration of a struck-off company, holding that the Department qualifies as a “creditor” under Section 252(3) of the Companies Act, 2013 and is entitled to seek revival to pursue pending reassessment proceedings.
Case Title : Department of Income Tax through Principal Commissioner Vs ROC Gwalior MP & Anr
Case Number : Co.Appeal/3(MP)2022
CITATION : 2026 LLBiz NCLT(IND) 521
NCLT Bengaluru Approves Puresoftware–Happiest Minds Composite Scheme Of Arrangement
The Bengaluru Bench of the National Company Law Tribunal (NCLT) on 29 May sanctioned a Composite Scheme of Arrangement between Puresoftware Technologies, a wholly owned subsidiary, and Happiest Minds Technologies Limited, a listed company.
Case Title : Puresoftware Technologies Private Limited v. Happiest Minds Technologies Limited Case Number : CP(CAA) No. 41/BB/2025
CITATION : 2026 LLBiz NCLT(BEN) 522
NCLT Mumbai Clears First Motion In GE Power India–JSW Energy Durgapur Demerger Scheme
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 2 June cleared the first motion application in the proposed demerger of the Durgapur manufacturing business of GE Power India Limited into JSW Energy Limited.
Case Title : GE Power India Limited, JSW Energy Limited
Case Number : C.A. (CAA) NO. 88 (MB)/2026
CITATION : 2026 LLBiz NCLT (MUM) 523
NCLT Approves Merger Of Buildtech Products India With Thermax, Terms Scheme Fair And Reasonable
On 2 June, the Mumbai National Company Law Tribunal (NCLT) sanctioned the merger by absorption of Buildtech Products India Private Limited with Thermax Limited under Sections 230 to 232 of the Companies Act, 2013.
Case Title : BUILDTECH PRODUCTS INDIA PRIVATE LIMITED, THERMAX LIMITED
Case Number : C.P.(CAA)/39(MB)2026 In C.A.(CAA)/7(MB)2026
CITATION : 2026 LLBiz NCLT (MUM) 524
NCLT Bengaluru Approves Amalgamation Of Blue Planet Foods And Red Apple Kitchen Consultancy
The Bengaluru Bench of the National Company Law Tribunal (NCLT) on 29 May, approved a Scheme of Amalgamation between Blue Planet Foods Private Limited and Red Apple Kitchen Consultancy Private Limited with effect from 1 April 2024.
Case Title : Blue Planet Foods Private Limited and Red Apple Kitchen Consultancy Private Limited
Case Number : CP(CAA) No. 34/BB/2025
CITATION : 2026 LLBiz NCLT(BEN) 526
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 2 June sanctioned a Scheme of Amalgamation providing for the merger of Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited with Kirloskar Ferrous Industries Limited (KFIL) under Sections 230 to 232 of the Companies Act, 2013.
Case Title : OLIVER ENGINEERING PRIVATE LIMITED AND ADICCA ENERGY SOLUTIONS PRIVATE LIMITED WITH KIRLOSKAR FERROUS INDUSTRIES LIMITED
Case Number : CP (CAA) NO. 46/MB/2026 IN CA (CAA) NO. 23/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 525
No Impleadment Of Company Secretary In O&M Case Merely For Filing Statutory Forms: NCLT Guwahati
On 1 June, the Guwahati Bench of the National Company Law Tribunal (NCLT) held that a practising Company Secretary cannot be made a party in oppression and mismanagement proceedings under Sections 241 and 242 of the Companies Act, 2013 merely for certifying or filing statutory forms in the course of professional work, unless there are specific allegations of collusion or direct involvement in the company's affairs.
Case Title : Biman Debnath v. Abhishek Goenka and Anr
Case Number : IA(Comp.Act)/3/GB/2025 in CP/3/GB/2025
CITATION : 2026 LLBiz NCLT(GUA) 528
NCLT Indore Restores Mandovi Marine Pvt. Ltd. Despite Non-Filing Since 1991
The Indore Bench of the National Company Law Tribunal (NCLT) on 2 June, allowed restoration of Mandovi Marine Pvt. Ltd. under Section 252(3) of the Companies Act, 2013, despite the company's prolonged failure to file statutory returns and balance sheets since 1991.
Case Title : Dileep Naik Vs ROC
Case Number : CP/3(MP)2026
CITATION : 2026 LLBiz NCLT(IND) 533
NCLT Mumbai Allows MCA Plea To Pursue Milind Patel, Others For Alleged IL&FS Fraud
The National Company Law Tribunal (NCLT) at Mumbai allowed the Ministry of Corporate Affairs (MCA) to amend its pending IL&FS mismanagement petition.
The amendment introduces a prayer under Section 339 of the Companies Act, 2013 which permits the Tribunal to hold persons who knowingly participated in fraudulent conduct personally liable to compensate creditors and other victims against Milind Patel and several other individuals named in the SFIO investigation report relating to IFIN.
Case Title : Union of India, Ministry of Corporate Affairs Versus Milind Patel and Ors.
Case Number : Comp. Appl. No. 165 (MB) 2025 IN C.P. No. 3638 (MB) 2018
CITATION : 2026 LLBiz NCLT (MUM) 535
NCLT Mumbai Allows Amendment Of Oppression, Mismanagement Plea Against Shajas Developers
The National Company Law Tribunal (NCLT) at Mumbai has allowed an application filed by Moniveda Consultants LLP and shareholder Rajat Jhunjhunwala seeking amendment of their oppression and mismanagement petition against Shajas Developers Pvt Ltd and others.
Case Title : Moniveda Consultants LLP, Rajat Jhunjhunwala V/s Shajas Developers Private Limited & Ors.
Case Number : IA(COMPANIES.ACT) No. 106 of 2026
CITATION : 2026 LLBiz NCLT (MUM) 536
NCLT Allahabad Allows First Motion In Merger Of Eight Radico Group Companies With Radico Khaitan
The Allahabad Bench of the National Company Law Tribunal (NCLT) has allowed a first-motion application for the proposed amalgamation of eight Radico group companies, including Radico Spiritzs India Pvt. Ltd., with listed company Radico Khaitan Ltd.
Case Title : RADICO SPIRITZS INDIA PVT. LTD., RADICO KHAITAN LIMITED & Ors
Case Number : CA (CAA) No.7/ALD/2026
CITATION : 2026 LLBiz NCLT (ALL) 538
NCLT Ahmedabad Directs Equity Shareholders' Meeting For Omkar Overseas Capital Reduction Plan
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Omkar Overseas Limited to convene a meeting of its equity shareholders to consider a proposed scheme of arrangement involving reduction of share capital.
Case Title : Omkar Overseas Limited
Case Number : CA(CAA)/48(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 540
NCLT Chandigarh Approves ₹8,000 Crore Share Capital Reduction Plan Of General Motors India
The Chandigarh bench of the National Company Law Tribunal (NCLT) has approved General Motors India Private Limited's application for reduction of its share capital by ₹8,000 crore.
The reduction will allow the company to set off accumulated losses of ₹7,560 crore and pay ₹440 crore to its equity shareholders.
Case Title : General Motors India Private Limited
Case Number : CP No.62/Chd/Hry/2025
CITATION : 2026 LLBiz NCLT(CHA) 542
NCLT Mumbai Orders 50% Shareholder To Exit Urja Niyojan At Nil Value Over Deadlock In Management
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 3 June directed the exit of a 50% shareholder of Urja Niyojan Pvt Ltd at nil value, holding that a complete managerial deadlock and irretrievable breakdown of trust between equal shareholders had stalled the company's functioning.
Case Title : MADHAV SHRIDHAR DANDAVATE Versus URJA NIYOJAN PVT. LTD. & ORS Case Number : CP 82 of 2020
CITATION : 2026 LLBiz NCLT (MUM) 546
Allegations Of Oppression To Be Tested Only At Final Hearing, Not Amendment Stage: NCLT Mumbai
On 5 June, the Mumbai Bench of the National Company Law Tribunal (NCLT) held that allegations of oppression and mismanagement cannot be examined at the stage of deciding an application for amendment of pleadings in a company petition, observing that such issues can be adjudicated only at the final stage after parties are given an opportunity to contest the amended pleadings on merits.
Case Title : Ghatge Patil Automobiles Pvt. Ltd. Versus Ms. Nutan Pradhan and Anr.
Case Number : C.A. No. 347/2025 & I.A. No. 9/2026 in C.P. No. 116 (MB) 2025
CITATION : 2026 LLBiz NCLT (MUM) 547
NCLT Chandigarh Allows AmberPR–Amber Enterprises Merger First Motion, Dispenses With Meetings
The Chandigarh Bench of the National Company Law Tribunal (NCLT) on 5 June allowed the joint first motion application filed by AmberPR Technoplast India Pvt. Ltd. (Transferor Company) and Amber Enterprises India Ltd. (Transferee Company) in a scheme of amalgamation.
Case Title : AmberPR Technoplast India Private Limited & Amber Enterprises India Limited
Case Number : CA(CAA) No. 11/Chd/Pb/2026
CITATION : 2026 LLBiz NCLT(CHA) 551
NCLT Ahmedabad Allows First Motion In Amalgamation Of Arcelor Mittal Nippon Steel Group Entities
The Ahmedabad bench of the National Company Law Tribunal (NCLT) directed AMNS Ports India Limited to convene a meeting of its equity shareholders and AMNS Ports Hazira Limited to convene a meeting of its unsecured creditors.
Case Title : AMNS Ports Shared Services Private Limited, AMNS Ports India Limited and AMNS Ports Hazira Limited
Case Number : CA(CAA)18/(AHM)/2026
CITATION : 2026 LLBiz NCLT (AHM) 554
NCLT Mumbai Allows First Motion in Alkem–Adroit Biomed Merger, Orders Shareholders' Meeting
On 10 June, the Mumbai Bench National Company Law Tribunal (NCLT), allowed the first motion application in the proposed merger of Adroit Biomed Limited with its parent company Alkem Laboratories Limited and directed Alkem to convene a shareholders' meeting to consider and approve the scheme.
Case Title : ADROIT BIOMED LIMITED, ALKEM LABORATORIES LIMITED
Case Number : C.A.(CAA)/44/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 563
NCLT Mumbai Sanctions Greenwood's Acquisition Of Aran's Stake In Aranca For ₹92.87 Lakh
On 10 June, the Mumbai Bench of the National Company Law Tribunal (NCLT) sanctioned a scheme under Sections 230 to 232 and 234 of the Companies Act, 2013, allowing Greenwood Research & Management Limited to acquire the minority shareholding of Hemendra Aran in Aranca (Mumbai) Private Limited for approximately Rs. 92.87 lakh.
Case Title : Greenwood Research & Management Limited
Case Number : C.P. (C.A.A)/259(MB) 2025
CITATION : 2026 LLBiz NCLT (MUM) 564
The National Company Law Tribunal (NCLT) at Bengaluru has recently held that the mere existence of a clause providing only for the possibility of arbitration does not require disputes to be referred to arbitration.
A coram of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada dismissed an application filed by Vishrutha Dhruva and Amit Kumar Tyagi, who are parties to the Shareholders' Agreement and hold employment with Acumen Technical Advisory Pvt. Ltd. The application sought reference of the dispute to arbitration.
Case Title : Ms. Vishrutha Dhruva and Anr v. AIR Works UK Engineering Limited and Ors
Case Number : CA No. 118 of 2025 in CP No. 64/BB/2025
CITATION : 2026 LLBiz NCLT(BEN) 567
NCLT Mumbai Clears First Motion For L&T Realty Business Demerger Into Wholly Owned Subsidiary
The Mumbai Bench of the National Company Law Tribunal (NCLT) has allowed a first-motion application in the proposed demerger of Larsen & Toubro Ltd's (L&T) realty business into its wholly owned subsidiary, L&T Realty Properties Ltd.
Case Title : Larsen & Toubro Ltd, L&T Realty Properties Ltd
Case Number : CA (CAA) 59/MB-III/2026
CITATION : 2026 LLBiz NCLT (MUM) 568
The National Company Law Tribunal (NCLT), New Delhi, has allowed a first-motion application jointly filed by Sammaan Finserve Limited (SFL) and Sammaan Capital Limited (SCL) in relation to a proposed scheme for the demerger of SFL's NBFC business into SCL. The tribunal also directed the convening of a meeting of SCL's equity shareholders through video conferencing.
Case Title : SAMMAAN FINSERVE LIMITED & SAMMAAN CAPITAL LIMITED
Case Number : COMPANY APPLICATION NO. CA. (CAA)-31/ND/2026
CITATION : 2026 LLBiz NCLT(DEL) 576
The Indore Bench of the National Company Law Tribunal (NCLT) has allowed a first-motion application filed by Indo Thai Securities Limited (ITSL) and its wholly owned subsidiary, Indo Thai Financial Services Limited (ITFSL), in connection with a proposed demerger of ITSL's broking and distribution business.
Case Title : Indo Thai Securities Ltd & Indo Thai Financial Services Ltd
Case Number : CA(CAA)/4(MP)2026
CITATION : 2026 LLBiz NCLT(IND) 577
NCLT Kochi Allows First Motion For Foam Mattings–KSCCL Amalgamation Scheme
The Kochi Bench of the National Company Law Tribunal (NCLT) on 1 June allowed the first motion application for the proposed amalgamation of Foam Mattings (India) Limited (FOMIL) with The Kerala State Coir Corporation Limited (KSCCL).
Case Title : M/s Foam Mattings (India) Limited v. M/s The Kerala State Coir Corporation Limited Case Number : CA(CAA)/04/KOB/2026
CITATION : 2026 LLBiz NCLT(KOC) 581
NCLT Allahabad Allows First Motion For KFPL–FPL Demerger Of Fleather Business
The Allahabad Bench of the National Company Law Tribunal (NCLT) on 10 June, allowed the first motion application filed by Kanpur Flowercycling Pvt. Ltd. (KFPL) and Fleather Pvt. Ltd. (FPL), approving the proposed demerger of KFPL's Fleather Business into FPL.
Case Title : KANPUR FLOWERCYCLING PRIVATE LIMITED Vs FLEATHER PRIVATE LIMITED Case Number : CA (CAA) No.10/ALD/2026
CITATION : 2026 LLBiz NCLT (ALL) 582
NCLT Chandigarh Admits RoC Plea To Wind Up Siraj-Ul-Uloom Welfare Foundation
The Chandigarh Bench of the National Company Law Tribunal (NCLT) on 11 June admitted a petition filed by the Registrar of Companies (RoC), Jammu & Kashmir and Ladakh, seeking winding up of Siraj-Ul-Uloom Welfare Foundation under Section 271(b) of the Companies Act, 2013.
Case Title : Registrar of Companies Vs Siraj-Ul-Uloom Welfare Foundation
Case Number : CP NO.41/Chd/J&K/2026
CITATION : 2026 LLBiz NCLT(CHA) 583
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has recently refused to permit release of Rs 9.15 crore kept in a debt service reserve account (DSRA) linked to Blu-Smart Charge Pvt. Ltd., observing that the amount should remain preserved while investigations continue into the wider Gensol-BluSmart group's Rs 166 crore fund trail.
Case Title : Catalyst Trusteeship Limited Vs Union of India
Case Number : IA No. 129 of 2025 In CP No. 33 of 2025
CITATION : 2026 LLBiz NCLT (AHM) 588
Union Govt. Authorised SFIO Officer Can File Winding Up Petition Under Companies Act: NCLT Kolkata
On 12 June, the Kolkata Bench of the National Company Law Tribunal (NCLT) held that a person authorised by the Central Government can validly institute winding-up proceedings under Sections 271 and 272 of the Companies Act, 2013.
Case Title : Union Of India Through Serious Fraud Investigation Officer Versus MPS Greenery Developers Limited
Case Number : I.A No 204/KB/2023 In C.P No. 309/KB/2022
CITATION : 2026 LLBiz NCLT (MUM) 594
NCLT Ahmedabad Orders Restoration Of 21,000 Ambuja Cements Shares To Original Holders
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Ambuja Cements Limited to rectify its Register of Members by restoring two shareholders as joint holders of 21,000 equity shares and removing the name of another individual.
Case Title : Ambuja Cements Limited Vs Rajashree Sachin Kulkami & Qrs
Case Number : Appeal/21(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 597
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Palco Metals Limited to convene meetings of its equity shareholders and unsecured creditors within 45 days in connection with a proposed amalgamation with its wholly owned subsidiary, Palco Recycle Industries Limited.
Case Title : Palco Recycle Industries Limited and Palco Metals Limited
Case Number : CA(CAA)/2(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 598
NCLT Mumbai Approves NSE Academy's ₹241.32 Crore Preference Share Capital Reduction
The Mumbai Bench of the National Company Law Tribunal (NCLT) has recently approved NSE Academy Limited's proposal to reduce up to ₹241.32 crore of its paid-up preference share capital.
Case Title : NSE ACADEMY LIMITED
Case Number : CP No. 137/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 601
NCLT Mumbai Allows First Motion Plea In Merger Of News18 Marathi With Network18
On 17 June, the Mumbai Bench of the National Company Law Tribunal (NCLT) allowed a first motion application seeking directions regarding the proposed merger of News18 Marathi Private Limited with its holding company Network18 Media & Investments Limited.
Case Title : News18 Marathi Private Limited (Transferor Company) with Network18 Media & Investments Limited (Transferee Company)
Case Number : CA(CAA)-95/MB/2026
CITATION : 2026 LLBiz NCLT (MUM) 606
NCLT Mumbai Allows First Motion Plea For Merger Of Hinduja Leyland Finance Into NDL Ventures
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 17 June allowed a first-motion application relating to the proposed merger of Hinduja Leyland Finance Limited (HLFL), an RBI-registered non-banking financial company (NBFC), into NDL Ventures Limited.
Case Title : HINDUJA LEYLAND FINANCE LIMITED …First Applicant Company/ Amalgamating Company/Transferor Company And NDL VENTURES LIMITED … Second Applicant Company/ Amalgamated Company/ Transferee Company
Case Number : C.A. (CAA) NO. 107 (MB)/2026
CITATION : 2026 LLBiz NCLT (MUM) 609
No Minimum Shareholding Required To Seek Restoration Of Struck-Off Company: NCLT Indore
The National Company Law Tribunal (NCLT) at Indore has recently held that a shareholder's right to seek restoration of a struck-off company's name is an individual statutory right. It does not depend on the extent of shareholding in the company.
Case Title : Arun Dagaria Vs RoC
Case Number : Co.Appeal/5(MP)2025
CITATION : 2026 LLBiz NCLT(IND) 611
The Mumbai Bench of the National Company Law Tribunal (NCLT) has directed Delta Corp Limited to convene meetings of its shareholders and unsecured creditors to consider a proposed restructuring scheme that would separate its hospitality and real estate businesses from its gaming operations.
Case Title : DELTA CORP LIMITED, DELTIN HOTEL & RESORTS PRIVATE LIMITED, DELTA PENLAND LIMITED, DELTIN CRUISES AND ENTERTAINMENT
Case Number : CA (CAA) No. 222/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 614
The National Company Law Tribunal (NCLT) in Mumbai bench has rejected a liquidator's contention that Kotak Mahindra Bank relinquished its security interest by proving its entire claim and participating in the first creditors' meeting during the winding up of Brijeel Foods & Beverages Pvt Ltd.
Case Title : KOTAK MAHINDRA BANK LIMITED Versus ANIL KASHI DROLIA
Case Number : Company Application 85 MB 2026
CITATION : 2026 LLBiz NCLT (MUM) 616
NCLT Guwahati Restores Company Struck Off 15 Years Ago, Cites Asset Ownership Despite Defaults
The Guwahati Bench of the National Company Law Tribunal (NCLT) on 12 June held that mere non-filing of statutory returns cannot, by itself, justify refusal to restore a company's name to the Register of Companies when records indicate that the company continued to hold assets or carry on business operations.
Case Title : Azizur Raja Rahman (Alias Azizur Rahman Sheikh) v. Registrar of Companies, Guwahati & Anr.
Case Number : CP/4/GB/2026
CITATION : 2026 LLBiz NCLT (GUA) 617
NCLT Chennai Sanctions Merger Of Encore IT Services Solution With Sonata Software
The Chennai Bench of the National Company Law Tribunal (NCLT) on 5 June approved the amalgamation of Encore I.T Services Solution Private Limited with its holding company Sonata Software Limited, holding that the scheme did not prejudice the interests of the companies' members.
Case Title : Encore IT Services Solution Private Limited v. Sonana Software Limited
Case Number : CP(CAA)/17(CHE)/2025 in CA(CAA)/56(CHE)/2024
CITATION : 2026 LLBiz NCLT(CHE) 618
NCLT Chennai Dispenses With Shareholder Meetings In Ford Motor-Ford India Merger
The National Company Law Tribunal (NCLT), Chennai, has permitted the proposed amalgamation of Ford Motor Private Limited with Ford India Private Limited to move to the next stage.
While dispensing with meetings of equity shareholders of both companies, it directed meetings of unsecured creditors to consider the scheme.
Case Title : Ford Motor Private Limited and Ford India Private Limited
Case Number : CA(CAA)/31 (CHE)/2026
CITATION : 2026 LLBiz NCLT (CHE) 620
NCLT Chennai Orders Shareholder, Creditor Meetings For Renault Group Restructuring Scheme
The National Company Law Tribunal (NCLT) at Chennai has allowed a first motion application concerning a proposed restructuring involving three Indian entities of French automobile maker Renault.
The proposal envisages the demerger of Renault Nissan Automotive India Private Limited's powertrain business into Renault India Powertrain Private Limited. It also provides for the amalgamation of Renault Nissan Automotive India Private Limited with Renault India Private Limited.
Case Title : Renault Nissan Automotive India Private limited and Ors
Case Number : CA(CAA) /50 (CHE) /2026
CITATION : 2026 LLBiz NCLT(CHE) 622
Financial Statements Can Be Revised If They Fail To Present True And Fair View: NCLT Chennai
The National Company Law Tribunal (NCLT) at Chennai has held that financial statements that do not accurately reflect the true nature of transactions and fail to present a true and fair view of a company's affairs may be revised.
Case Title : Cameron Manufacturing (India) Private Limited v. Regional Director, Southern Region, Ministry of Corporate Affairs
Case Number : CP(CA)/155(CHE)/2021
CITATION : 2026 LLBiz NCLT(CHE) 623
NCLT Mumbai Dispenses With Shareholder Meetings For Parle Group Restructuring Scheme
The Mumbai bench of the National Company Law Tribunal has dispensed with meetings of the equity shareholders of Parle Products Pvt Ltd, Parle Brands Pvt Ltd and Parle Biscuits Pvt Ltd.
Case Title : Parle Products Private Limited ….First Applicant Company/ Demerged Company 1/ Transferor Company And Parle Brands Private Limited, Second Applicant Company/ Resulting Company
Case Number : C.A. (CAA) NO. 105 (MB)/2026
CITATION : 2026 LLBiz NCLT (MUM) 625
The National Company Law Tribunal at Mumbai has recently dispensed with meetings of shareholders and creditors in connection with the proposed merger of Everblue Apparel Limited (EBAL), a wholly owned subsidiary of Raymond Limited, with Raymond Limited.
Case Title : Everblue Apparel Limited ….First Applicant Company/ Transferor Company With Raymond Limited ….Second Applicant Company/ Transferee Company
Case Number : C.A. (CAA) NO. 96 (MB)/2026
CITATION : 2026 LLBiz NCLT (MUM) 626
NCLT Mumbai Holds AGM Default Compoundable, Levies ₹40.90 Lakh On Kolhapur Hotels Directors
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 9 June compounded the violation, imposing a total compounding fee of Rs. 40.90 lakh on Kolhapur Hotels Pvt Ltd and its two directors for breach of Section 96 of the Companies Act relating to Annual General Meeting (AGM) requirements.
Case Title : Kolhapur Hotels Private Limited & Ors vs Registrar of Companies, Pune
Case Number : CP NO. 188/MB/2023
CITATION : 2026 LLBiz NCLT (MUM) 633
NCLT Ahmedabad Orders Secured Creditors' Meeting In Resolute Corp Bharat Demerger Scheme
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has recently directed a meeting of the secured creditors of Resolute Corp Bharat Pvt Ltd in relation to a proposed demerger of its agro-commodity trading business into Growthspirit Trading Pvt Ltd.
Case Title : Resolute Corp Bharat Pvt. Ltd & Growthspirit Trading Pvt. Ltd
Case Number : C.A.(CAA)/7(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 639
NCLT Chennai Clears First Motion For Refex Industries' Green Mobility Business Restructuring
The National Company Law Tribunal (NCLT) at Chennai has allowed the first motion application filed by Refex Industries Limited (RIL) in relation to a composite scheme of amalgamation and arrangement involving Refex Green Mobility Limited (RGML) and Refex Mobility Limited (RML).
Case Title : Refex Industries Ltd
Case Number : CA(CAA)/43(CHE)/2026
CITATION : 2026 LLBiz NCLT(CHE) 652
On June 19, the Chennai Bench of the National Company Law Tribunal (NCLT) ordered the defreezing of Congress MP Karti P. Chidambaram's salary account and the bank accounts of his family members.
However, it directed that the freeze on his other personal bank accounts, fixed deposits, and movable assets would continue in connection with an ongoing Serious Fraud Investigation Office (SFIO) probe under Section 212(14A) of the Companies Act, 2013.
Case Title : Karti P Chidambaram v. Union of India and Anr
Case Number : Contempt Petition No. 4 of 2025 in CP/110(CHE)/2025
CITATION : 2026 LLBiz NCLT(CHE) 662
OTHERS
ROC Ahmedabad Fines SMR Jewels ₹54,500 For 445-Day Delay In Filing Private Placement Resolution
The Registrar of Companies at Ahmedabad has recently imposed a fine of Rs 54,500 on SMR Jewels Limited for a 445-day delay in filing a special resolution related to a private placement of equity shares.
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 Corporate Laws (Amendment) Bill, 2026, was introduced in the Lok Sabha on Monday, proposing changes to the Companies Act, 2013, and the Limited Liability Partnership Act, 2008, that would remove criminal liability for several procedural violations, revise penalty provisions, and give wider statutory powers to regulators.
Companies may soon be able to file just two forms instead of several specified incorporation-related filings, with the Ministry of Corporate Affairs proposing a significant overhaul to make compliance simpler.
The Ministry has put out the draft Companies (Incorporation) Amendment Rules, 2026, for public consultation, seeking feedback till May 9. The move follows a broader review of suggestions from stakeholders and is aimed at making incorporation processes smoother and less burdensome.
MP Sudheer Gupta To Head Joint Parliamentary Committee On Corporate Laws (Amendment) Bill
Lok Sabha Speaker Om Birla on Monday constituted a 31-member Joint Parliamentary Committee to examine the Corporate Laws (Amendment) Bill, 2026, appointing BJP MP Sudheer Gupta as its chairperson. The committee comprises 21 members from Lok Sabha and 10 members from Rajya Sabha.