NCLT Mumbai Approves Timezone's Merger Plan To Consolidate Leisure And Entertainment Business

The National Company Law Tribunal (NCLT) at Mumbai on Thursday approved the merger of Leisure and Allied Industries India Private Limited with arcade operator Timezone Entertainment Private Limited, allowing the group to consolidate its family entertainment and leisure business under a single company. A bench of Judicial Member K R Saji Kumar and Technical Member Anil Raj Chellan held that the amalgamation met all legal requirements, observing that the “Scheme appears to be fair and reasonable...

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 Sanctions Vedanta Demerger Plan

The National Company Law Tribunal (NCLT) at Mumbai on Tuesday sanctioned Vedanta Ltd's demerger, approving the restructuring scheme under which the metal and mining conglomerate will split its businesses into separate sector focused entities. The order was pronounced by a bench comprising Judicial Member Nilesh Sharma and Technical Member Charanjeet Singh. "From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not...

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...

NCLT Allahabad Approves First Motion For Demerger Of Umesh Modi Group Firm's Nutraceutical Business

The National Company Law Tribunal (NCLT) at Allahabad has approved the first motion application for a scheme of arrangement involving Umesh Modi Group's G S Pharmbutor Private Limited, for the demerger of its nutraceutical business into its wholly owned subsidiary, Modilac Private Limited. A bench of Judicial Member Praveen Gupta and Technical Member Ashish Verma passed the order on December 12, 2025, allowing the companies to move forward with the proposed restructuring. G S Pharmbutor,...

NCLT Chandigarh Clears Demerger Of Freecharge's Business Correspondent And Technology Services Unit

The National Company Law Tribunal (NCLT) at Chandigarh has approved a scheme under which Freecharge Payment Technologies Private Limited will transfer its business correspondent activities and its technology service provider activities to a new entity, Freecharge Business and Technology Services Limited.The order was passed on December 10, 2025, by Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal. Freecharge Payment Technologies, incorporated in 2015 and headquartered in...

NCLT Chennai Clears Scheme For Merger Of TVS Investments With TVS Electronics

The National Company Law Tribunal at Chennai has recently approved a scheme filed by TVS group companies, sanctioning their amalgamation and permitting the merger of TVS Investments into TVS Electronics. The tribunal noted that the scheme was beneficial to the company and its shareholders and found no ground to withhold approval. A bench of Judicial Member Sanjiv Jain and Technical Member Venkatraman Subramaniam noted that the companies had submitted all mandatory documents and statutory...

NCLT Clears First Motion Toward Consolidation Of Mirae Asset Sharekhan's NBFC Operations

The National Company Law Tribunal (NCLT) at Mumbai has recently approved the initial application filed by Mirae Asset Sharekhan Financial Services Limited, the lending business formerly associated with stock broking company Sharekhan, for its merger with Mirae Asset Financial Services (India) Private Limited, facilitating consolidation of the Mirae Asset Group's non banking finance operations in line with Reserve Bank of India directions. A coram of Judicial Member Sushil Mahadeorao Kochey and...

NCLT Mumbai Approves Times Group's Plan To Demerge Non-Publishing Businesses Into New Company

The National Company Law Tribunal (NCLT) at Mumbai on Wednesday approved Bennett, Coleman & Company Ltd's (BCCL) also knows as Times Group's proposal to demerge its non-publishing businesses into its wholly owned subsidiary, Times Horizon Pvt. Ltd. (THPL).The order was passed by coram comprising of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar which sanctioned the composite scheme of arrangement under Sections 230–232 of the Companies Act. The tribunal noted...

NCLT Delhi Sanctions Maruti Suzuki's Merger With Suzuki Motor Gujarat

The Principal Bench of the National Company Law Tribunal on Thursday approved the merger of Maruti Suzuki India Limited with its wholly owned subsidiary, Suzuki Motor Gujarat Private Limited. The coram, comprising President Justice Ramalingam Sudhakar and Technical Member Ravindra Chaturvedi, noted that there was no impediment to approving the scheme, given the positions taken by the relevant statutory authorities.“In light of the foregoing facts and discussion, particularly the positions...

Justice Ashok Bhushan Appointed As NCLAT Chairperson For Second Term

The Central Government has approved the re-appointment of Justice Ashok Bhushan, former Judge of the Supreme Court of India, as Chairperson of the National Company Law Appellate Tribunal (NCLAT). The re-appointment will be effective from the date he assumes charge and will continue until he attains the age of 70 years, i.e., till July 4, 2026.Justice Bhushan was earlier appointed as the NCLAT Chairperson on October 29, 2021, shortly after his retirement from the Supreme Court, and took charge on...

NCLT Mumbai Approves Merger Of Snack Brand 'Dinshaws' With Its Dairy Business

The National Company Law Tribunal (NCLT) at Mumbai on Monday approved the merger of Dinshaws Snacks & Foods Private Limited with Dinshaw's Dairy Foods Private Limited, bringing the popular snack brand and its dairy arm under a single company.A coram of Judicial Member K R Saji Kumar and Technical Member Anil Raj Chellan in an order passed on November 3 observed that the scheme was fair and reasonable. According to Dinshaw, the merger is aimed at cutting costs, improving operations,...