NCLT Ahmedabad Sanctions Suzlon Energy Scheme To Set Off ₹18,418 Crore Losses By Reorganising Reserves

The Ahmedabad bench of the National Company Law Tribunal has approved Suzlon Energy Limited's plan to set off accumulated losses of about Rs.18,418 crore by reorganising its reserves.The order was passed on April 29, 2026 by Judicial Member Chitra Hankare and Technical Member Dr V.G. Venkata Chalapathy. Suzlon Energy Limited had proposed a scheme of arrangement to reorganise and reclassify its reserves to offset negative retained earnings and improve its financial position. The appointed date...

NCLT Ahmedabad Rejects Registrar Of Companies' Plea to Condon 4215-Day Delay In Restoring Struck-Off Company

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has recently rejected a plea by the Registrar of Companies, Gujarat, to condone a delay of 4215 days in seeking restoration of Maharshi Management Services Pvt. Ltd. to the register of companies. The tribunal held that the delay was not properly explained and no sufficient cause was made out. “Reason for long delay are not satisfactorily explained. No sufficient reason for condonation of delay.” The bench of Judicial Member...

NCLT Chennai Sanctions Amalgamation Of Accel Media Ventures With Accel Limited

The Chennai Bench of the National Company Law Tribunal (NCLT) has sanctioned a Scheme of Amalgamation between Accel Media Ventures Limited and Accel Limited under Sections 230–232 of the Companies Act, 2013. A Bench comprising Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy passed the order allowing the second motion petition, noting that the arrangement is not prima facie detrimental to the interests of members and meets statutory requirements for approval. It...

NCLT Delhi Clears First Stage Of Digispice Merger With Subsidiaries, Orders Equity Shareholder Meet

The National Company Law Tribunal (NCLT) in New Delhi has issued directions at the first-motion stage in a scheme to merge three Digispice group entities into Digispice Technologies Ltd. It found that the required consent thresholds had been met, allowing it to dispense with most meetings of shareholders and creditors. A separate meeting of the transferee company's equity shareholders, however, will still need to be held.The order came on April 22, 2026, from a bench of Acting President Bachu...

NCLT Ahmedabad Orders Shareholder & Creditor Meetings For Meghmani Group Amalgamation

The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 20 April issued directions on an application filed by Kilburn Chemicals Ltd., Meghmani Crop Nutrition Ltd., and Meghmani Organics Ltd. under Sections 230–232 of the Companies Act, 2013 seeking approval of a scheme of amalgamation. The Bench comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma passed the order dealing with dispensation of shareholder meetings and convening of creditor meetings based on...

NCLT Kochi Dismisses ₹2.5 Crore Preference Shares Redemption Plea Against Jatayupara Tourism

The National Company Law Tribunal (NCLT) at Kochi has refused a Rs. 2.5 crore payout sought by an investor in the Jatayupara Tourism project, holding that preference shares cannot be redeemed outside the limits prescribed under the Companies Act. Under Section 55 of the Companies Act, preference shares can be redeemed only out of a company's profits or from proceeds of a fresh issue of shares. A coram of Judicial Member Vinay Goel was considering an application filed by Haridas Krishnan Kutty...

NCLT Kochi Allows First Motion In ESAF Financial Holdings Scheme To Meet RBI Shareholding Limits

The National Company Law Tribunal (NCLT), Kochi, on Friday allowed a first motion application filed by ESAF Financial Holdings Pvt Ltd in relation to its proposed scheme of arrangement involving selective reduction of share capital and restructuring of its investment in ESAF Small Finance Bank. The scheme is aimed at complying with RBI directions requiring its shareholder, Dia Vikas Capital Pvt Ltd, a foreign-owned and controlled entity, to reduce its shareholding below 5% in the bank and 20%...

NCLT Mumbai Approves Sashwat Energy Merger with Shapoorji Pallonji & Co

The National Company Law Tribunal's (NCLT) Mumbai bench has sanctioned a scheme of amalgamation under which Sashwat Energy Private Limited will merge with and into Shapoorji Pallonji and Company Private Limited, holding that the arrangement is “fair and reasonable” and not contrary to public policy. A bench of Judicial Member Nilesh Sharma and Technical Member Charanjeet Singh Gulati observed.“From the material on record, the Scheme appears to be fair and reasonable and is not in violation of...

NCLT Ahmedabad Approves Amalgamation Of Adani Group Subsidiaries, Dispenses With Statutory Meetings

The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 20 April approved a scheme of amalgamation among wholly owned subsidiaries of Adani Energy Solutions Ltd. and dispensed with statutory meetings after recording unanimous consents of shareholders and creditors under Sections 230–232 of the Companies Act, 2013. A Bench of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma allowed the company application filed by Gopalaya Build Estate Pvt. Ltd., Adani Transmission...

NCLT Allahabad Sanctions Amalgamation Of Advanced Rail Controls With Concord Control Systems

The Allahabad Bench of the National Company Law Tribunal (NCLT) on 15 April 2026 sanctioned a scheme of amalgamation under Sections 230–232 of the Companies Act, 2013, approving the merger of Advanced Rail Controls Private Limited (transferor company) with Concord Control Systems Limited (transferee company), with effect from the appointed date of 1 April 2025. A Bench comprising Judicial Member Praveen Gupta and Technical Member Ashish Verma allowed the petition and brought the scheme into...

NCLT Mumbai Allows First Motion For Merger Of Emerson Process Management India With Emerson Electric India

The NCLT Mumbai has approved the first motion in the scheme of amalgamation whereby Emerson Process Management Power and Water Solutions India Pvt Ltd. (transferor company) will merge into Emerson Electric Company (India) Pvt Ltd. (transferee company), both engaged in industrial automation, process management, network power, and climate technology solutions.A bench of Judicial Member K.R. Saji Kumar and Technical Member Anil Raj Chellan passed the order on April 20, allowing the application...

NCLT Delhi Approves Powerlinks Transmission Scheme To Reclassify Reserves Into Retained Earnings

The National Company Law Tribunal (NCLT) at the New Delhi bench has recently sanctioned a scheme of arrangement of Powerlinks Transmission Limited involving the reclassification of Rs. 78.83 crore from its general reserves into retained earnings, holding that it is “not prejudicial to the interest of the equity shareholders and creditors.” The order dated April 16, 2026 was passed by Acting President Bachu Venkat Balaram Das and Technical Member Ravindra Chaturvedi on a second motion petition...