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NCLT Greenlights Merger of Loss-Making IT Firms Enhops and Proarch, Citing Long-Term Synergies Despite Financial Setbacks
NCLT MergersAndAcquisitions CorporateLaw
NCLT Sanctions Merger of Enhops Solutions and Proarch IT, Citing Strategic Rationale Despite Both Firms Being Loss-Making Hyderabad, Telangana– The National Company Law Tribunal (NCLT), Hyderabad Bench, has officially sanctioned the scheme of amalgamation between Enhops Solutions Private Limi...
NCLT Upholds Commercial Wisdom on 'Appointed Date' in Amalgamation Schemes Under Sec 232 of Companies Act
#NCLT #Amalgamation #CorporateLaw
NCLT Sanctions JK Cement's Merger with Toshali Cements, Upholds Company's Discretion on 'Appointed Date' Prayagraj, September 12, 2025– The Allahabad Bench of the National Company Law Tribunal (NCLT), comprising Shri Praveen Gupta (Member, Judicial) and Shri Ashish Verma (Member, Technical), ...
NCLT Bengaluru Sanctions Amalgamation of Intuit India Entities Under S.230-232 of Companies Act, 2013, Accepting Undertakings on Regulatory Objections
#NCLT #Amalgamation #CorporateLaw
NCLT Bengaluru Approves Merger of Two Intuit India Companies, Emphasizes Compliance Through Undertakings Bengaluru, India– The National Company Law Tribunal (NCLT), Bengaluru Bench, has sanctioned the Scheme of Amalgamation for two Indian subsidiaries of the global financial technology giant ...
NCLT Can Suo Motu Order Winding Up of a Company on Just and Equitable Grounds Under S. 242 of Companies Act, 2013, Even Without a Specific Prayer: NCLT Mumbai
NCLT WindingUp CorporateLaw
NCLT Mumbai Orders Winding Up of Real Estate Firm Citing Irretrievable Breakdown of Trust Mumbai, India– In a significant ruling, the National Company Law Tribunal (NCLT), Mumbai Bench, has ordered the winding up of J A Real Estate Private Limited, invoking its powers under Section 242 of the...
Inbound Cross-Border Merger Sanctioned Under S.234 Companies Act Based on 'Deemed' RBI Approval: NCLT Mumbai
CrossBorderMerger NCLT CompaniesAct2013
NCLT Mumbai Sanctions Inbound Cross-Border Merger of Seychelles Firm into Indian Company MUMBAI, INDIA– The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned a Scheme of Merger by Absorption involving a foreign entity, marking a significant application of India's cross-border...
Director Appointments Without Proper Notice to Existing Director Constitute Oppression Under S.241-242 Companies Act: NCLT Mumbai
#NCLT #CompanyLaw #OppressionAndMismanagement
NCLT Mumbai Ousts Directors in Family Feud, Cites Oppression and Mismanagement MUMBAI– The National Company Law Tribunal (NCLT), Mumbai Bench, has delivered a decisive ruling in a protracted family business dispute, ordering the removal of three directors from M/s Dombivali Paper Manufacturin...
NCLT Sanctions Real Estate Merger Under Sections 230-232, Upholding Commercial Wisdom Despite Negative Net Worth and Regulatory Queries
#NCLT #MergerAndAcquisition #CompaniesAct2013
NCLT Greenlights Merger of Galleria Retail into R Retail Ventures, Emphasizes Commercial Wisdom Mumbai- The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Scheme of Merger by Absorption of Galleria Retail Private Limited into R Retail Ventures Private Limited. The orde...
Assignee of Debt from a Related Party Inherits Disqualification from CoC: NCLT Chennai
InsolvencyLaw RelatedParty NCLT
NCLT Chennai Upholds 'Related Party' Classification for Assignee, Bars Entry into CoC CHENNAI, INDIA– In a significant ruling clarifying the scope of 'related party' disqualifications under the Insolvency and Bankruptcy Code (IBC), 2016, the National Company Law Tribunal (NCLT), Chennai Bench...
NCLT can treat a Section 66 IBC application as a composite one under Sections 45 & 49 to reverse fraudulent undervalued transactions with related parties: NCLT Mumbai
#NCLT #IBC2016 #FraudulentTransactions
NCLT Uncovers Collusion, Orders Reversal of Fraudulent Parking Space Transfer in Sharon Bio-Medicine Case Mumbai, India– In a significant ruling, the National Company Law Tribunal (NCLT), Mumbai Bench, has declared the transfer of 20 valuable parking spaces from Sharon Bio-Medicine Ltd. to a ...
Debt Arising from Non-Recourse Bill Discounting is Operational, Not Financial; Sec 7 Application Dismissed: NCLT Mumbai
NCLT Insolvency FinancialDebt
NCLT Mumbai Dismisses UK Export Finance’s Insolvency Plea, Rules Debt from Non-Recourse Bill Discounting is Operational Mumbai– The National Company Law Tribunal (NCLT), Mumbai Bench, has rejected an insolvency petition filed by the UK government's export credit agency, UK Export Finance (UKE...
