Delhi High Court Quashes SFIO Probe Into Educomp Solutions

The Delhi High Court has recently quashed the Central Government's order directing a Serious Fraud Investigation Office (SFIO) probe into Educomp Solutions Limited, an education technology company, holding that the order did not explain why the company's affairs warranted such an investigation under the Companies Act, 2013. Justice Amit Mahajan allowed petitions filed by former Educomp independent director Vinod Kumar Dandona, directors and shareholders Jagdish Prakash and Shantanu Prakash,...

Can NCLT Declare A Registered Sale Deed Void? Kerala High Court Explains

The Kerala High Court has recently held that the National Company Law Tribunal (NCLT) cannot declare a registered sale deed void and not binding on a company merely because a dispute involves allegations of oppression and mismanagement. “When the reliefs sought in the suits are considered alongside the scope of application under Sections 241 and 242 of the Companies Act 2013, it would be difficult to conclude that the National Company Law Tribunal has jurisdiction to declare a registered...

Kerala HC Sets Aside NCLT Order Refusing To Implead Alleged Share Transferees In Company Mismanagement Case

The Kerala High Court has set aside an order of the National Company Law Tribunal, Kochi Bench, refusing to implead two alleged share transferees in a company petition alleging mismanagement, holding that their presence was necessary for effective adjudication of the dispute over the original petitioners' shareholding.Justice Harisankar V Menon held that the alleged transferees were proper parties even though no specific relief had been sought against them, as their presence was necessary to...

NCLT Chennai Allows First Motion For POCL Enterprises-Planetfirst Green Amalgamation

The National Company Law Tribunal at Chennai has directed POCL Enterprises Limited to convene meetings of its equity shareholders and unsecured creditors to consider a proposed scheme of amalgamation with Planetfirst Green Private Limited. The shares of POCL are listed on the National Stock Exchange and Bombay Stock Exchange. A coram of Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam passed the order. Planetfirst Green is engaged in lead recycling and refining, while...

LiveLawBiz Company Law Quarterly Digest: July- September 2026

SUPREME COURTNSEL Moves Supreme Court Against HC Order Refusing Joint Trial In CBI Cases Over Alleged Payment CrisisNational Spot Exchange Ltd (NSEL) has moved the Supreme Court challenging the Bombay High Court's March 27, 2026 judgment refusing to direct a joint trial in two CBI cases arising out of the alleged NSEL payment crisis.Case Title : National Spot Exchange Limited vs The Central Bureau of Investigation Bank Securities and Fraud Cell Case Number : Diary No. 37177 of 2026Supreme...

LiveLawBiz Company Law Digest : September 2026

SUPREME COURTCompany Can Be Prosecuted For Criminal Offences Without Identifying Guilty Natural Person: Supreme CourtThe Supreme Court on Monday held that identification of a natural person is not a prerequisite, at the threshold stage, for prosecuting a corporate entity for an offence involving mens rea.Case Title : Sanofi India Ltd v. Central Bureau of Investigation Case Number : Criminal Appeal No. 4250 of 2026 CITATION : 2026 LLBiz SC 298Supreme Court Refuses To Interfere With NCLAT Order...

Arbitration Clause In Articles Of Association Operates Independently Of Companies Act: Calcutta High Court

On Monday, 28 September, the Calcutta High Court held that an arbitration clause contained in a company's Articles of Association operates as an independent agreement and does not make disputes covered by the clause subject exclusively to the jurisdiction of the National Company Law Tribunal (NCLT). A Division Bench comprising Justices Sabyasachi Bhattacharyya and Sandip Kumar De made the observation while allowing an appeal filed by Ambica Beri against the District Judge's refusal to grant...

NCLT Chennai Approves First Motion In Niyogin Fintech, Niyogin Finserv Composite Scheme

The National Company Law Tribunal at Chennai has allowed the first motion application filed by Niyogin Fintech Limited, Niyogin Finserv Limited and iServeU Technology Private Limited in relation to a proposed Composite Scheme of Arrangement. The shares of Niyogin Fintech Limited are listed on the Bombay Stock Exchange. A coram of Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam passed the order. The companies submitted that the Scheme proposes to demerge Niyogin...

NCLT Chennai Sanctions Amalgamation Of Augmento Labs With Saksoft Limited

The National Company Law Tribunal at Chennai has sanctioned the Scheme of Amalgamation between Augmento Labs Private Limited and Saksoft Limited, whose shares are listed on the National Stock Exchange and the Bombay Stock Exchange. The order was passed by Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam. Augmento Labs is a wholly owned subsidiary of Saksoft. The companies had filed the first motion petition and the Tribunal vide order dated November 27, 2025 dispensed...

Mere Existence Of Arbitration Clause In Shareholders' Agreement Does Not Mandate Arbitration: NCLT Bengaluru

The National Company Law Tribunal at Bengaluru recently held that mere existence of an arbitration clause in a Share Subscription Agreement does not make reference to arbitration mandatory. It further observed that issues concerning corporate governance and reliefs under the Companies Act could not ordinarily be adjudicated through arbitration.A coram of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada observed:“It is true that the SHA contains a clause dealing...

Delhi High Court Refuses To Quash Criminal Case Against Supertech Directors Over Hill Town Project

The Delhi High Court has refused to quash criminal proceedings against directors of real estate company Supertech Limited over allegations of cheating, criminal breach of trust and criminal conspiracy linked to its Hill Town project in Sohna, Haryana.Justice Madhu Jain was dealing with three connected petitions arising from an FIR registered by the Economic Offences Wing over alleged non-delivery of flats, discontinuation of pre-EMI payments and alleged diversion and utilisation of funds...

Challenge To One Respondent's Maintainability Cannot Dismiss Entire Company Petition: NCLT Guwahati

The National Company Law Tribunal (NCLT) at Guwahati has held that a party cannot seek dismissal of an entire company petition when its pleadings only challenge the maintainability of proceedings against one particular respondent. A Bench of Judicial Member Rammurti Kushawaha and Technical Member Yogendra Kumar Singh dismissed an application filed by Meghmellar Estates and Services Private Limited and its directors, who challenged the maintainability of a company petition alleging oppression...