Authority: National Company Law Tribunal Chandigarh Bench (Court - II)
Order Date: 16.07.2026
Case Overview
The National Company Law Tribunal (NCLT) Chandigarh Bench heard a first motion application filed by Duet India Hotels (Hyderabad) Private Limited (Transferor Company) and Caspia Hotels Private Limited (Transferee Company) under Sections 230-232 of the Companies Act, 2013. The application concerns a proposed demerger from the Transferor Company (Applicant Company No. 1) to the Transferee Company (Applicant Company No. 2/Resulting Company). The petitioners, represented by advocates Mr. Nikhil Verma, Ms. Nidhi Chaudhary, and Ms. Kamna Singh, sought dispensation of the required meetings for the demerger scheme. The bench, comprising Hon'ble Member (Judicial) Shri K. Biswal and Hon'ble Member (Technical) Shri K.K Singh, has directed the petitioners to submit the relevant financial statements of the demerged undertaking for further consideration.
Final Outcome
The tribunal has listed the matter for further consideration on 23.07.2026 (Supplementary List). The application remains pending until the required financial documentation is submitted and reviewed by the bench.
Topics: Corporate Restructuring, Demerger Approval