Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 15 June 2026
Case Overview
The matter concerns an application under Sections 230 read with Section 232 of the Companies Act, 2013 for the proposed amalgamation of M/s. Botanic Supplements Pvt Ltd. (Transferor Company) with M/s. Botanic Healthcare Pvt Ltd. (Transferee Company). The petition involves the companies and their respective shareholders and creditors. The hearing was conducted in a hybrid mode (virtual and physical) before a bench comprising Sh. Rajeev Bhardwaj, Hon'ble Member (Judicial) and Sh. Sanjay Puri, Hon'ble Member (Technical). Mr. Sailesh Baheti, Practicing Company Secretary, appeared for the petitioner.
During the hearing, the Tribunal identified a procedural requirement regarding documentation from an international shareholder. Specifically, the bench directed the petitioner's representative to file a notarized copy of the consent letter from Mr. Madhu Krishnamani, who is identified as a citizen of the United States of America.
Final Outcome
The matter has been adjourned to 13 July 2026. The amalgamation application cannot proceed until the required notarized consent document from the US-based shareholder is submitted to the Tribunal. This represents an interim procedural order rather than a substantive decision on the merits of the amalgamation proposal.
Topics: Corporate Amalgamation, NCLT Proceedings, Cross-Border Shareholding