MERGER & ACQUISITION
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. A coram comprising Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam allowed a joint company petition filed under Sections 230 to 232 of the Companies Act, 2013, seeking approval of the scheme of amalgamation. The scheme provides for the amalgamation of ICL Financial Services Limited, ICL...
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. Judicial Member Vinay Goel passed the...
CCI Clears Cube V's Proposed Acquisition Of Dineshchandra Group Road Asset Businesses
The Competition Commission of India on Tuesday approved the proposed acquisition by Cube Highways and Infrastructure V Pte Ltd (Cube V) and others of the road asset businesses of Dineshchandra Yamuna Infra Pvt Ltd (DYIPL), Dineshchandra Vaishnodevi Infra Pvt Ltd (DVIPL), Dineshchandra Giriraj Infra Pvt Ltd (DGIPL) and Dineshchandra Trans-Eastern Highways Pvt Ltd (DTEHPL).According to a press release, the proposed combination entails the indirect purchase by Cube V and others of the road asset...
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.A coram of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada sanctioned the scheme, holding that there remained no impediment to its approval after consideration of reports filed by statutory authorities.“the...
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. The order was passed on March 3, 2026, by Judicial Member Bachu Venkat Balaram Das and Technical Member Reena Sinha Puri of the NCLT's New Delhi Bench. Sonepar India, which moved the petition, told the tribunal that the merger would help streamline...
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 operationsA coram of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar while sanctioning the merger scheme on February 24 observed:“From material on record, the Scheme appears to be fair and reasonable and is not in violation of...
NCLT Chandigarh Allows First Motion In Jindaljyoti–Kingspan Jindal Amalgamation, Orders Creditor Meetings
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. The order was passed by a Bench comprising Judicial...
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. A coram comprising Judicial Member Shammi Khan and Technical Member Sanjeev Kumar Sharma allowed the petition under Sections 230 to 232 of the Companies Act, 2013, with an Appointed Date of October 16, 2023.As part of the restructuring, the tiles manufacturing undertaking of Adicon Ceramica Tiles Pvt Ltd will...
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. Post-merger, Highvista Buildcon will become a wholly owned subsidiary of DLF, one of India's leading real estate developers engaged in residential, commercial and retail projects across major cities.The order was passed by a coram of Judicial Member Khetrabasi...
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. The order was passed by Judicial Member Khetrabasi Biswal and Technical Member Kaushalendra Kumar Singh. Approving the scheme, the tribunal observed, “The Composite Scheme contemplated between the petitioner companies, appears to be prima facie in compliance with all the requirements...
CCI Approves Merger Of Hinduja Leyland Finance With NDL Ventures
The Competition Commission of India (CCI) on February 17 approved the proposed merger of Hinduja Leyland Finance Ltd (HLFL) with and into NDL Ventures Ltd (NDL).The proposed combination seeks to merge and consolidate the businesses of HLFL into NDL Ventures Limited NDL Ventures presently does not have any active business operations. Post-merger, Hinduja Leyland's business will be consolidated into NDL as part of the restructuring exercise.Hinduja Leyland Finance is a NBFC & Asset Finance...
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. The order was passed by Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal. The joint petition was filed under Sections 230 to 232 of the Companies Act, 2013, seeking approval of the merger of...