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NATIONAL COMPANY LAW TRIBUNAL
JINDAL INDIA POWERTECH LIMITED VS
IN THE NATIONAL COMPANY LAW TRIBUNAL
NEW DELHI BENCH – V
COMPANY PETITION (CAA) NO. – 50/ (ND)/2025
WITH
COMPANY APPLICATION NO. CA (CAA) 12/ (ND)/2025
Under Section 230-232 and other applicable provisions of the Companies Act, 2013 r/w the Companies (Compromises, Arrangements and Amalgamations)
Rules, 2016)
IN THE MATTER OF SCHEME OF ARRANGEMENT OF:
JINDAL INDIA POWERTECH LIMITED
...PETITIONER NO.1/DEMERGED COMPANY
AND
JINDAL INDIA POWER LIMITED
... PETITIONER NO.2/RESULTANT COMPANY
Order Delivered On: 10.11.2025
The court will not ordinarily interfere with the corporate decisions of companies approved by shareholders and creditors.
The Tribunal approved the demerger scheme under the Companies Act, affirming compliance with statutory requirements and confirming no objections from regulatory authorities.
The court sanctioned a demerger scheme under Sections 230-232 of the Companies Act, confirming compliance with statutory requirements while emphasizing continued tax liabilities and obligations.
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