NCLT Ahmedabad Clears First Stage Of Adani Harbour–Adani Ports Merger

The National Company Law Tribunal (NCLT) at Ahmedabad on Tuesday cleared the first stage of the proposed merger between Adani Harbour Services Limited and its holding company Adani Ports and Special Economic Zone Limited, allowing the companies to move forward with the amalgamation process while dispensing with meetings of shareholders and creditors. A coram comprising Judicial Member Chitra Hankare and Technical Member Dr Velamur G Venkata Chalapathy observed that the proposed scheme of...

NCLT Mumbai Admits Tata Capital's Insolvency Plea Against Dharan Infra Over ₹28 Crore Default

The National Company Law Tribunal (NCLT) at Mumbai has admitted an insolvency application filed by Tata Capital Housing Finance Ltd against Dharan Infra EPC Ltd, a real estate and infrastructure company, holding that the lender had established debt and default exceeding Rs 28 crore and initiating the corporate insolvency resolution process. The bench of Judicial Member Nilesh Sharma and Technical Member Sameer Kakar observed, “We are, therefore, of the considered view that the present...

NCLT Mumbai Dismisses Housekeeping Services Firm's Insolvency Plea Against RCom Arm Reliance Realty

The National Company Law Tribunal (NCLT) at Mumbai has dismissed an insolvency petition filed by A2Z Infraservices Ltd against Reliance Realty Ltd, a subsidiary of debt-ridden Reliance Communications Ltd, holding that the bills relied upon by the operational creditor had not become payable under the contract and therefore could not establish any default. The tribunal found that the work orders between the parties made certification of invoices by a designated officer of Reliance Realty...

Company Must Approach ROC First Before Coming To NCLT For Rectification Of Register of Members: NCLT Kochi

The National Company Law Tribunal (NCLT) at Kochi, has held that a company cannot bypass the Registrar of Companies (ROC) and directly approach the tribunal to correct its shareholding records under the Companies Act, 2013, ruling that such attempts undermine statutory disclosures and penal provisions. Dismissing an appeal filed by Nuventure Connect Private Limited, the coram of Judicial Member Vinay Goel observed, "The aggrieved person or a shareholder would be able to file an appeal against...

Excluding Liquidation Time After Extension On Same Grounds Amounts To Review: NCLT Ahmedabad

The National Company Law Tribunal (NCLT) at Ahmedabad has rejected a liquidator's request to exclude the first year of liquidation of Nakoda Limited from the statutory timeline, holding that once additional time is granted for delays, the same period cannot later be wiped out altogether. In an order dealing with a plea to modify its earlier decision granting a one-year extension of Nakoda Limited's liquidation period, a division bench of Judicial Member Shammi Khan and Technical Member Sanjeev...

Sales Tax Dues Must Be Treated as Secured Claims Under IBC: NCLT Ahmedabad Reaffirms

The National Company Law Tribunal (NCLT), Ahmedabad Bench, has recently reiterated that tax dues backed by a statutory charge must be treated as secured claims under the Insolvency and Bankruptcy Code. It directed the resolution professional of Amul Industries Pvt. Ltd. to treat the Rs 6.64 crore Central Sales Tax (CST) claim of the Gujarat State Tax Officer as a secured debt. The tribunal held that the resolution professional was wrong in classifying the sales tax dues as unsecured despite the...

NCLT Ahmedabad Dismisses Insolvency Plea Against Polycab India As Claim Fell Below ₹1 Crore After Adjustments

The National Company Law Tribunal (NCLT), Ahmedabad, has dismissed an insolvency petition against Polycab India Limited, one of India's largest manufacturers of electrical wires, cables and fast-moving electrical goods, holding that the alleged default fell below the Rs 1 crore threshold prescribed under the Insolvency and Bankruptcy Code (IBC). A bench of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma, in an order dated December 15, 2025, held that pre-existing disputes...

NCLT Mumbai Clears Capital Reduction of Company Behind Tax Sutra

The National Company Law Tribunal (NCLT) at Mumbai has approved the reduction of share capital of Realtime Taxsutra Services Pvt Ltd from Rs 1.61 lakh to Rs 1.46 lakh, clearing the proposal of the company that operates an online platform providing real-time updates on tax disputes, judicial rulings and regulatory developments. The approval was granted by a bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar in an order pronounced on December 15, 2025....

NCLT Mumbai Approves Ashdan Properties' Rs 900 Crore Plan To Revive Rolta India

The National Company Law Tribunal (NCLT) at Mumbai has approved a Rs 900 crore resolution plan submitted by Ashdan Properties Pvt Ltd to revive debt-laden Rolta India Ltd, holding that once a plan complies with insolvency law, the tribunal cannot interfere with the commercial decisions taken by lenders. A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar recorded that the plan met all statutory requirements under the Insolvency and Bankruptcy Code (IBC) and...

Oppression Claims Against Majority Shareholders Not Ground To Wind Up Company: NCLT Mumbai

The National Company Law Tribunal (NCLT) at Mumbai has dismissed a winding up plea against Nissan Motor India's former sales and distribution partner Hover Automotive India Pvt Ltd, holding that allegations of oppression by majority shareholders cannot justify liquidation when alternative remedies exist under the Companies Act. A coram of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar passed the order on December 11, 2025, while rejecting a petition filed by...

Written-Off Debt Recoverable: NCLT Delhi Admits Bhushan Power Plea Against Former Subsidiary Over Rs 137 Crore

The National Company Law Tribunal (NCLT) at New Delhi has admitted an insolvency application filed by Bhushan Power & Steel Ltd against its former subsidiary Atma Ram House Investment Pvt. Ltd. The tribunal held that the Rs 136.92 crore amount advanced towards a commercial space in Delhi, qualifies as financial debt despite having been written off in the books and described as 'security' under contractual documents. A coram comprising Judicial Member Ashok Kumar Bhardawaj and Technical...

NCLT Delhi Approves Flipkart's Plan To Merge Singapore Holding Entities Into Indian Arm

The National Company Law Tribunal (NCLT) at Delhi has approved a major restructuring of Walmart owned e-commerce platform Flipkart, clearing the way for the group to merge its Singapore holding entities into its Indian company and effectively consolidate its corporate domicile in India. A coram comprising Justice Ramalingam Sudhakar and Technical Member Ravindra Chaturvedi, on December 12, 2025, sanctioned a composite scheme of amalgamation under the Companies Act, allowing Flipkart Internet...